AIG appoints global head of specialty

American International Group Inc. has appointed Peter Bilsby to the new position of global head of specialty, effective immediately.

Mr. Bilsby will report to Christopher Townsend, chief executive officer of AIG General Insurance International, with responsibility for the global energy, marine, aviation and credit lines businesses. He is based in London.

Since 2016, Mr. Bilsby has served as chief executive officer of the Talbot Underwriting Ltd., AIG’s Lloyd’s of London insurance and reinsurance specialist, which it acquired in July as part of its purchase of Validus Holdings Ltd. He joined Talbot in September 2009 as head of global aerospace from XL London Market Ltd. and also served as managing director and director of underwriting of Talbot before becoming CEO. Prior to XL, Mr. Bilsby was managing director of the aviation division of Markel International Ltd.

Mr. Bilsby will continue as CEO of Talbot until his successor is appointed.