AIG Environmental executives (from left): John O’Brien, Executive Vice President; Joseph Boren, Chairman/CEO; and Peter Gilbertson, Director of Marketing.
Ironshore recruits another AIG executive to head excess liability unit
Ironshore Inc. has expanded its management team with the appointment of former American International Group (AIG) Cat Excess Liability president Geoff Smith as worldwide head of its newly-launched excess liability facility. Mr. Smith is the latest in a line of recent recruitments from AIG.
In his new role, Mr. Smith, who will work out of New York and report to Shaun Kelly, CEO of Ironshore's US operations, and Keven Kelley, CEO of Ironshore, who in turn both joined the company from New York-based American International Group's (AIG) Lexington Co. last month, will provide global strategic direction and consistency across all of Ironshore's platforms writing the liability product set.
A new unit will be established to write catastrophic excess casualty insurance for Ironshore Bermuda, targeting Fortune 2000 and other clients purchasing cat excess coverages.
Mr. Smith has 24 years of liability underwriting experience in the re/insurance market, working at AIG since December 2000 and serving as vice-president at General Reinsurance Corp. in the National Account from February 1998 to December 2000.
"Hiring Geoff is a big win for Ironshore as we expand into the cat excess liability arena,' said Mr. Kelly. "He brings a wealth of expertise in underwriting and managing excess liability portfolios.
"The launch of this cat excess liability unit will further add to Ironshore's product and geographic diversification."
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