AIG has appointed Thomas Lillelund as CEO of its European business, AIG Europe, which is headquartered in Luxembourg.
AIG Europe, a new legal entity for AIG’s business in the European Economic Area and Switzerland, has been established to provide business for AIG’s European operations after the UK leaves the EU.
Lillelund will report to Chris Townsend, CEO of International General Insurance. He will be responsible for Continental Europe and Ireland.
As part of Lillelund’s appointment, Anthony Baldwin, current CEO of AIG Europe Limited,
will become CEO of AIG’s new UK entity, AIG UK, and will continue to report to Townsend.
Lillelund joins from Aspen Re, where he served as CEO. He has also worked as AIG’s Regional vice president in Southeast Asia and worked for various companies in Hong Kong, South Africa, and the US.
Townsend said: “I’m delighted to welcome Thomas Lillelund back to AIG as CEO of our European business. Lillelund is a well-respected international insurance executive who is a strategic leader with experience growing and building teams.”
AIG has established two new entities, one in the UK and one in Luxembourg, to enable uninterrupted client service regardless of the future relationship between the UK and the EU.
AIG will transfer existing business to the new UK and European entities and merge its existing carrier, AIG Europe Limited, into the new European company. The two new companies will begin writing business from 1 December this year.
