AIG announces retirement of David McElroy

American International Group, Inc. (AIG), a global insurer, has announced that David McElroy will retire from the group effective May 1st, 2024.

The company has confirmed that McElroy and AIG have agreed to accelerate his retirement date for personal reasons and will remain available to the Company.

Peter Zaffino, Chairman & Chief Executive Officer, AIG, commented on his retirement, “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.”

McElroy is a market veteran who joined the insurer’s team in 2018 as President and CEO of Lexington Insurance Company.

He served as the CEO of General Insurance from August 2020 to December 2023, and Chairman of General Insurance since January 1st, 2024.

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