Robert Schimek succeeding Peter Eastwood at AIG
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American International Group Inc. has named Robert Schimek as president and CEO of its property/casualty Americas region, succeeding Peter Eastwood, who left last week to join rival Berkshire Hathaway Inc.
Mr. Eastwood was among four executives who left AIG to join Berkshire Hathaway.
Currently based in London and serving as president and CEO of AIG's Europe, Middle East and Africa region, Mr. Schimek will relocate to New York and report to Peter Hancock, president and CEO of AIG property/casualty, the company said in a Monday statement.
Prior to becoming head of EMEA, Mr. Schimek was chief financial officer of AIG property/casualty.
While working to find a successor to Mr. Schimek, the company said Nicholas Walsh, an AIG veteran of nearly 40 years and currently a senior adviser on broker, client and government relations, would assume the role on an interim basis.
Elsewhere, AIG named Alexander Baugh as head of global casualty. Mr. Baugh, who previously was chief risk officer and head of strategy for AIG property/casualty, reports to John Doyle, CEO of global commercial insurance within AIG property/casualty. Mr. Baugh succeeds David Fields, who also left for Berkshire Hathaway last week.
“Rob, Nic and Lex represent what is most powerful about AIG: a strong bench of seasoned property/casualty experts with deep product and global expertise who work closely and tenaciously to help clients and brokers embrace opportunities and face challenges all over the world,” Mr. Hancock said in a statement.
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