Chris Townsend is returning to AIG in the newly created role of CEO of international general insurance, it has been announced.
Townsend will lead the international operations of AIG’s general insurance business and will be responsible for executing its growth strategy and building on the carrier’s extensive international footprint to support a profitable, client focused organisation.
He will report to general insurance CEO Peter Zaffino and become part of the general insurance leadership team. He is expected to join the US insurance giant in the first quarter of 2018.
Townsend returns to AIG having served as CEO of the AIG's Asia Pacific region from 2010 to 2012 after which he left to join Metlife, where he was most recently president of MetLife's Asia region.
Townsend also serves on the board of the Japan Society and holds a number of advisory positions, including as adviser to the Asia Society, vice chairman of the U.S.-Korea Business Council, and a member of the international advisory council to the Guangdong Government.
Commenting on Townsends return to the company, Zaffino said: “We are extremely pleased to welcome Chris back to AIG,
“He is a highly experienced leader in the insurance industry who knows our company well. He brings deep international expertise to our team, as well as a proven track record of delivering strong financial and operating results. I look forward to partnering with Chris as we strategically position General Insurance for the future.”