AIG appoints Wells Fargo's Baich as chief information security officer

American International Group (AIG) has appointed Rich Baich as senior vice president, chief information security officer.

Baich will lead the firm’s global cybersecurity risk management programme. He will work closely with AIG’s executive leadership team to drive information security strategy for the company. His responsibilities will include defining information security requirements, implementing industry-leading technology solutions and providing oversight on information security risks associated with the roll-out of new technology platforms and systems.

Baich joins AIG from Wells Fargo & Company, where he has served as chief information security officer since 2012. He was appointed by the president of the United States to the National Infrastructure Advisory Council in 2018 and serves on FEMA’s National Advisory Council as its cybersecurity expert. He is also a member of the Strategic Advisory Board of the International Consortium of Minority Cybersecurity Professionals, the Executive Board for the Banking Policy Institute BITS organization, and is the Intelligence Program Advisor for the Financial Systemic Analysis and Resiliency Center.

Baich will report to John Repko, AIG’s chief information officer.

“Rich is a recognized security leader with extensive expertise in information security, risk management, privacy and technology deployment,” Repko said. “His contributions, given his global experience and track record of innovation and business collaboration, will be highly valued as we continue to develop and implement information security strategies designed to enhance the security of AIG and its policy-holders.”

Baich commented: “AIG is a global, world-class company that is highly focused on technology, security and innovation. I look forward to working with John and the global IT team, as well as the business leaders, to help support AIG's business strategies while protecting the company from current and emerging cyber risks.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Lloyd’s CEO sponsors modernisation project LM TOM 

Nexus acquires Capital Risks MGA to develop FinPro lines

Newline Group launches Brexit hub in Germany; appoints CEO

Everest swoops for Ironshore execs to expand Lloyd’s casualty unit

AXA XL eyes expansion in alternative capital space

Sompo International unveils new CEO of property/casualty business

Don't miss our insurtech email newsletter - sign up today