Chris Townsend leaves AIGJanuary 7 2020 by Andrew Tjaardstra
InsuranceAsia News understands Chris Townsend stepped down yesterday (January 6) from his role as chief executive of international general insurance at AIG.
In an internal statement AIG said Townsend, who was was at the firm’s Hong Kong office, had left to “pursue entrepreneurial opportunities”. Townsend had rejoined the insurance giant in November 2017 after working as Asia president and chief executive at MetLife.
As AIG seeks his successor, Lex Baugh, global chief underwriting officer for casualty and financial lines will oversee the international division in addition to his existing role; Baugh is based in New York according to his LinkedIn profile.
The move was confirmed in a memo to colleagues from Peter Zaffino, who is president and global chief operating officer, and chief executive general insurance at AIG.
AIG declined to comment when approached by InsuranceAsia News.
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