AIG Names New CEO of Lexington Insurance Co.
August 2, 2018—American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined, reported Insurance Journal.
McElroy replaces George Stratts, who served as CEO of Lexington Insurance Co. from November 2017 to June 2018
McElroy will lead Lexington Insurance Co. and report to Peter Zaffino, chief executive officer, General Insurance. McElroy will serve as a member of the General Insurance executive leadership team and will oversee all aspects of Lexington’s business, the largest excess and surplus (E&S) underwriter in the United States, AIG said in a statement, according to the report.
McElroy also will oversee General Insurance’s program business in the U.S., which includes a range of niche markets written on both admitted and non-admitted bases, supported by program administrators with market-leading infrastructure and underwriting expertise.