AIG appoints ex MetLife Japan boss as new Asia-Pacific CEO
US insurer AIG has appointed Sachin Shah as the chief executive of its Asia-Pacific general insurance business.
Mr Shah, who was formerly the president, chairman and chief executive of MetLife Japan, will take up his new role at the end of December, subject to regulatory approval.
He will be based in Singapore and report to AIG’s general insurance CEO Christopher Townsend.
Mr Shah has led MetLife since 2013, when he was promoted from chief operating officer. In those five years, he has helped drive MetLife’s international expansion plans, which included the acquisition and integration of American Life Insurance Company (Alico) across 50 countries.
“I am pleased to welcome Sachin Shah to AIG as CEO of our Asia-Pacific business,” said Mr Townsend. “I look forward to working closely with Sachin to deliver innovation and value to our customers and distribution partners in this dynamic region.”
“I’m delighted to be joining AIG and the international general insurance management team at this exciting time in the Asia-Pacific region,” added Mr Shah. “I look forward to working with AIG colleagues across the region to deliver on our growth ambitions in these fast-moving economies.”
Meanwhile, MetLife Japan has reshuffled its executive team in the wake of Mr Shah’s departure. He will be replaced as chief executive by Eric Clurfain, who has been promoted from his role as executive vice-president and head of EMEA.
