American International Group announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023. Mr. Schaper will report to Peter Zaffino, Chairman and Chief Executive Officer of AIG. Mr. Schaper has more than three decades of experience in the insurance and reinsurance industries.

He is currently CEO of AIG Re, the global reinsurance business of AIG, as well as CEO of Validus Re and AlphaCat. Mr. Schaper joined AIG in 2019 from Marsh McLennan, where he was CEO of Victor Insurance Holdings, Marsh's global underwriting MGA. Prior to that, Mr. Schaper served as President of Montpelier Re Ltd. and Underwriting Chairman of Blue Capital, Montpelier's capital markets entity.

Previously, he held leadership roles at Endurance Specialty Insurance Ltd., including Chief Underwriting Officer and Head of Reinsurance. Earlier, he had underwriting responsibilities at ERC, a division of GE Capital and at Cigna Insurance. He is a member of the Corebridge Financial, Inc. Board of Directors.