AIG chairman of general insurance (GI) David McElroy is to retire from the company on May 1 due to personal reasons.
The company announced that McElroy’s retirement date has been accelerated, but he will remain available to the company.
McElroy became GI chairman on January 1 this year. He joined the company in 2018 as president and CEO of Lexington, before becoming CEO of GI in August 2020.
The executive joined AIG from Arch Insurance Group, where he was executive chairman. His 30-year career includes several senior leadership roles at The Hartford, Reliance National and Chubb.
AIG chairman and CEO Peter Zaffino said: “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite.
“Thanks to the hard work and determination of our entire team, AIG is now widely recognized as a leading global insurer by our clients, distribution partners and many stakeholders.”