American International Group (AIG) has announced the appointment of Turab Hussain as Executive Vice President and Chief Risk Officer of AIG, effective October 12, 2026.

According to the Group, Mr. Hussain succeeds Christopher Schaper as AIG’s Chief Risk Officer, who has informed the company that he intends to retire from AIG at the end of this year.

“Turab is an impressive leader with deep technical expertise, trusted judgment and a collaborative approach to advancing important priorities. His experience as AIG’s Global Chief Actuary and previously as Chief Risk Officer for General Insurance makes him exceptionally well qualified to serve as AIG’s Chief Risk Officer. I am confident that Turab’s deep understanding of our company positions him well to lead our enterprise risk organization with a continued focus on enhancing the way we assess, manage and respond to risk across AIG”, said Eric Andersen, President & Chief Executive Officer, AIG.

“I want to thank Chris Schaper for his impactful leadership and many contributions to AIG. Chris’s skilled judgment, insightful perspective and deep industry expertise provided valuable leadership to AIG’s global risk management organization and strategy, helping advance our culture of underwriting excellence and contributing to AIG’s turnaround, performance and long-term resilience. We are fortunate that Chris will remain with us through year-end to ensure a seamless transition. On behalf of our AIG colleagues around the world, we wish Chris all the best”, Mr. Andersen added.

AIG also announced the appointment of Graham Fulcher to Global Chief Actuary, succeeding Mr. Hussain, effective October 12, 2026.