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AIG recruits former Ace executive

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American International Group Inc. said Friday former Ace Ltd. executive William Curcio is joining the insurer as chairman of its AIG Risk Management unit.

AIG said Mr. Curcio will work closely with Bill Rabl, CEO of the unit. 

Mr. Curcio, a long-time insurance executive, most recently served as chairman and president of Ace Risk Management, which is now part of Chubb Ltd., AIG said in a statement.

In that position, Mr. Curcio had responsibility for national accounts casualty, including excess workers compensation and large account construction and wrap-ups, the statement said.