AIG has named Mr Thomas Lillelund as chief executive officer of AIG Europe SA. The move will see Anthony Baldwin, current CEO of AIG Europe, become chief executive of AIG's UK entity. This follows the news from April that the business is setting up two new entities, one in the UK and one in Luxembourg, in response to the UK's exit from the EU.
Mr Baldwin has been with AIG since 1995 when he joined the financial lines division as financial institutions manager for the UK and Ireland. He has held a number of senior roles within the business and has been CEO in the UK, in addition to his European role, since January 2016.
Meanwhile, Mr Lillelund will be based in the Luxembourg business, which the provider said was set up to provide business continuity for AIG’s European operations.
He will be reporting to Mr Chris Townsend, chief executive officer, International General Insurance.
Mr Lillelund, who has previously worked as AIG’s regional vice president in Southeast Asia, was most recently CEO of Aspen Re. In his new role at AIG he will be responsible for Continental Europe and Ireland.