AIG appoints Arch insurance chairman as Lexington CEO

American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company.

McElroy will report to AIG general insurance CEO Peter Zaffino. As a member of the general insurance executive leadership team McElroy will oversee all aspects of Lexington’s business. The general insurance’s programme business in the US will also report to McElroy. The US general insurance’s programme business includes a range of niche markets written on both admitted and non-admitted bases.

McElroy has been executive chairman of Arch Insurance Group and vice chairman of Arch Worldwide Insurance Group since October 2017.

Previously, he served as chairman and CEO of Arch Worldwide Insurance Group.

Earlier in his career, McElroy held roles at The Hartford Financial Services Corporation, Reliance National and Chubb.

“David is a recognized leader in the insurance industry with an outstanding track record for delivering underwriting profit,” Zaffino said. “I look forward to working closely with David as we transform Lexington and general insurance to be industry leaders for our clients and distribution partners,” Zaffino added.