American International Group promoted David McElroy to be the head of its property/casualty insurance operations.

McElroy, Named CEO of AIG’s General Insurance unit, also gains the title of Executive Vice President. He’s taking over for AIG President and Global Chief Operating Officer Peter Zaffino, who ran the General Insurance operations from July 2017 until January of this year, when he was promoted.

Before his promotion, McElroy was the president and CEO of the North American operations of General Insurance. In his new role, he’ll report to Zaffino, who credited McElroy with helping the insurer improve and restore its U.S. property/casualty business to a healthier place, which had struggled for years.

McElroy “has played an instrumental role in the turnaround of our General Insurance business and the positioning of AIG as a market leader,” Zaffino said in prepared remarks.

McElroy joined AIG as President and Chief Executive Officer of Lexington Insurance Company in October 2018 and was promoted to President and Chief Executive Officer of North America, General Insurance in June 2019. Before joining AIG, he held numerous leadership roles within the insurance industry, including Executive Chairman of Arch Insurance Group Inc. and Vice Chairman of Arch Worldwide Insurance Group.

Source: AIG