Jon Hancock to lead AIG international GI

February 28 2020 by Andrew Tjaardstra

Jon Hancock has been appointed AIG’s chief executive – international general insurance.

Hancock (pictured) will join in “the spring” and replaces Chris Townsend who left earlier this year. Lex Baugh, AIG’s global chief underwriting officer for casualty and financial lines, is currently overseeing the role.

Hancock will report to Peter Zaffino, AIG’s president and global chief operating officer and chief executive – general insurance, and serve on the general insurance executive leadership team. AIG veteran Steven Barnett, recently appointed chief executive of Asia Pacific general insurance, will report to Hancock.

While Townsend was based in AIG’s Hong Kong office in Quarry Bay, it has not yet been confirmed where Hancock will be based.

Since 2016, Hancock served as director of performance management at Lloyd’s, where his portfolio included responsibility for overseeing performance and risk management globally across the Lloyd’s market. He announced his decision to step down in January.

“[Hancock] is a seasoned executive and industry leader recognized for his track record of underwriting excellence and delivering strong financial results,” said Zaffino. “[Hancock’s] deep technical expertise and significant international operating experience ideally qualify him for this important leadership role.”

Prior to Lloyd’s, Hancock spent 26 years at RSA including as managing director, UK commercial, which encompassed RSA’s European specialty businesses, and global broker relationship director. Previously, he served as RSA’s chief executive, Asia and Middle East, and held chief underwriter and risk roles in both developed and emerging markets.