Christopher Schaper, who is currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, American International Group announced.

Schaper will take on his new role later this year, likely in the fourth quarter of 2023 when the previously announced sale of Validus Re to RenaissanceRe closes.

In his new role, Schaper will report to Peter Zaffino, AIG’s chair and chief executive officer. Zaffino described Schaper as “a results-driven and collaborative leader [with] a commitment to underwriting excellence,” and as a strong portfolio manager, in a statement announcing the move.

Schaper has more than three decades of experience in the insurance and reinsurance industries. Currently serving as CEO of AIG Re, the global reinsurance business of AIG, he is also CEO of Validus Re and AlphaCat. He joined AIG in 2019 from Marsh McLennan, where he was CEO of Victor Insurance Holdings, Marsh’s global underwriting MGA.

Before that, Schaper served as president of Montpelier Re Ltd and underwriting chair of Blue Capital, Montpelier’s capital markets entity. He held previous leadership roles at Endurance Specialty Insurance Ltd., and ERC, a division of GE Capital and at Cigna Insurance.

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DUAL North America, Inc. recently announced the appointment of Connie Germano as chief casualty officer.

In her role, Germano will be responsible for overseeing DUAL’s Commercial Casualty and Financial Lines divisions, driving growth initiatives, optimizing underwriting performance, and enhancing carrier partner relationships.

Having served in a variety of leadership roles in the specialty casualty insurance sector, Germano brings nearly 30 years of industry experience to DUAL. Most recently, Germano served as the President of an InsurTech startup. Before that, she was the president of Specialty Casualty at Everest Insurance.

In a statement announcing the appointment, John Johnson, CEO, DUAL North America noted Germano’s “proven track record of innovative thinking, commitment to leveraging technology, and data-driven approaches,” stating that these will be invaluable as DUAL responds to the evolving casualty insurance landscape and aims to provide more creative client solutions to our brokers and their clients.