American Insurance Group (AIG) has promoted Christopher Flatt to the post of global chief underwriting officer, effective immediately.
Flatt, who currently serves as the head of AIG North America alternative channels, is taking over the role from Christopher Schaper, who was named chief risk officer of the insurance company in November 2024.
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Flatt is also set to join AIG’s executive leadership team and will report directly to AIG chairman and CEO Peter Zaffino.
Before joining AIG in 2017, Flatt held various leadership positions at Marsh McLennan for more than 15 years.
His career also includes senior underwriting roles at GE Capital and an early tenure at ITT Hartford.
AIG commercial lines programmes EVP and Glatfelter Insurance Group president Erin Fry will succeed Flatt.
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By GlobalDataAIG acquired Glatfelter Insurance Group, a Pennsylvania-based specialty intermediary and programme manager, in November 2018 for an undisclosed sum.
In her new role, Fry will report to AIG North America insurance executive vice-president and CEO Don Bailey.
Zaffino said: “Chris is a highly respected insurance executive with over 30 years of experience in underwriting, risk management and reinsurance.
“With his diverse insurance background and proven leadership track record of success, Chris will continue to deliver tremendous value as our global chief underwriting officer.”
Flatt added: “I am honoured to step into this role and lead AIG’s dedicated underwriting team. I look forward to working with our technical experts around the world to continue advancing our culture of underwriting excellence and shape the future of underwriting at AIG.”
Last month, AIG spearheaded the launch of a new reinsurance syndicate at Lloyd’s, known as Syndicate 2478.
The syndicate will participate in AIG’s outward reinsurance programme and have access to risk from AIG’s global property and casualty operations.
Recently, AIG divested 120 million shares of Corebridge Financial to Nippon Life Insurance Company for $3.8bn (Y576.31bn).
