AIG appoints new global head of specialty

American International Group (AIG) has appointed Talbot chief Peter Bilsby as global head of specialty.

Bilsby will continue as CEO of Talbot until his successor is appointed.

In this new role, Bilsby will report to Christopher Townsend, CEO of AIG General Insurance International, with responsibility for the global energy, marine, aviation and credit lines businesses.

Since 2016, Bilsby has served as chief executive officer of the Talbot Group, AIG’s Lloyd’s of London insurance and reinsurance specialist which it acquired in July as part of its purchase of Validus Holdings.

Prior to that, Bilsby was managing director of Talbot and director of underwriting. He joined Talbot in September 2009 as head of global aerospace from XL London Market. Previously, Bilsby held the role of managing director of the aviation division of Markel International.

Townsend said: “I’m pleased to appoint Peter to lead our Global Specialty businesses. Our clients and partners will benefit from Peter’s deep understanding of this sector and his leadership track record at Talbot.”

Bilsby commented: “I am very much looking forward to working with the team to build a market-leading global speciality business. It has been a privilege to serve as CEO of Talbot and to work alongside such talented colleagues.”