AIG Appoints Turab Hussain Chief Risk Officer as Christopher Schaper Retires
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American International Group has appointed Turab Hussain as executive vice president and chief risk officer, promoting its global chief actuary to oversee enterprise risk as Christopher Schaper prepares to retire at the end of 2026. Hussain's appointment takes effect October 12. He will report to AIG President and CEO Eric Andersen, join the insurer's Executive Leadership Team and remain based at the company's New York headquarters. AIG also named Graham Fulcher global chief actuary, succeeding Hussain effective October 12. Fulcher will be based in London and report to Hussain, creating a direct connection between AIG's global actuarial organization and its enterprise risk leadership. Hussain has served as AIG's global chief actuary since 2023, overseeing pricing, reserving and other actuarial activities across the company. He originally joined AIG in 2021 as chief risk officer for General Insurance. That combination of actuarial and risk experience gives Hussain familiarity with both the technical assessment of insurance liabilities and the broader enterprise processes used to identify and manage risk. In his new role, he will lead AIG's enterprise risk organization and work across the business on risk assessment and disciplined decision-making. "His experience as AIG's Global Chief Actuary and previously as Chief Risk Officer for General Insurance makes him exceptionally...
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