AIG has appointed former Novae CFO Charles Fry as head of reinsurance, operations and transformation within its general insurance division as recently instated CEO Brian Duperreault continues to build out his senior team.

Within his new role, Fry will be responsible for overseeing AIG’s global reinsurance, shared services, transformation and administration functions. He will report to recently appointed CEO of general insurance, Peter Zaffino and will become a part of the executive leadership team.

Fry, Duperreault and Zaffino are all former colleagues, having worked together at Marsh & McLennan Companies.

Fry has over 20 years’ experience in the (re)insurance industry. He was most recently group CFO at Novae, having left the position in October 2016 after serving in the role for more than three years. Prior to this, he was COO at Guy Carpenter from April 2007 to June 2010. In addition, Fry previously worked with Apax Partners on its investment in Travelex Group, where he was the executive responsible for the group’s global reorganisation. He was also CFO of Benfield from 1999 to 2006.

Commenting on the appointment, Zaffino said: “Having worked with Charlie in the past, I am confident he brings a valued skill set to these important responsibilities. Charlie has a proven track record of running complex operations, change management projects and profit improvement in the insurance and reinsurance industry.”