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AIG sets up alternative energy practice

Posted On: Apr. 11, 2007 12:00 AM CST

NEW YORK—American International Group Inc.'s Global Marine and Energy division has created a new practice to serve alternative energy risks in the United States, the insurer said Wednesday.

The AIG Global Alternative Energy Practice is intended for "the insurance, risk management and loss control needs of U.S.-based alternative energy clients, including organizations engaged in biofuel, hydroelectric, geothermal, solar and wind operations," AIG said in a statement.

Rick Gibbons, executive vp of AIG Global Marine and Energy, has been tapped to lead the practice. Mr. Gibbons reports to Ralph Mucerino, AIG vp and president of the Global Marine and Energy division, which is based in New York.

David Reisinger, assistant vp of AIG Global Marine and Energy, will manage the commercial alternative energy portfolio globally and reports to Mr. Gibbons.