AIG(US:AIG) Yahoo Finance·2025-12-17 09:35Core Viewpoint - American International Group (AIG) has appointed Adam Clifford as CEO of International Commercial Insurance, effective January 5, 2026, to enhance its global insurance operations and drive growth in various regions [1][2]. Group 1: Appointment Details - Adam Clifford will oversee underwriting, distribution, and business teams across the UK, Europe, Asia-Pacific, the Middle East and Africa (MEA), Japan, and Latin America [1]. - He will report to Jon Hancock, CEO of AIG General Insurance, and will be part of the General Insurance executive leadership team [2]. Group 2: Adam Clifford's Background - Clifford has nearly 30 years of experience in the insurance sector, including seven years at AIG, where he led underwriting teams [3]. - His previous role was as senior vice-president, head of International Retail Insurance at Everest Insurance, managing retail insurance activities across the UK, Europe, and Asia-Pacific [3]. - He has held senior positions at Chubb, including managing director of Chubb European Group, and has experience leading underwriting teams for AIG in London and Singapore [3]. Group 3: Strategic Goals - Clifford aims to drive growth in the international commercial insurance business, increase market share, strengthen broker relationships, attract top talent, and deliver valuable solutions to clients and brokers [4]. Group 4: Recent Transactions - AIG plans to acquire a 35% stake in specialty insurer Convex Group for approximately $2.1 billion and a 9.9% stake in Onex Corporation for about $646 million, with both transactions expected to close in the first half of 2026, pending regulatory approvals [5].