The Domestic Brokerage Group of American International Group has formed the AIG Financial Institutions Practice, a new organization dedicated to serving the insurance and risk management needs of the financial services sector.
The Financial Institutions Practice is the third unit launched by the Domestic Brokerage Group in 2005, following the formation of AIG Construction Solutions and AIG Real Estate Solutions.
The new department, in conjunction with its two preceding launches, is the result of a new strategy by the giant insurer to better serve its clients through more clearly defined operations.
AIG Financial Institutions Practice will be charged with providing AIG’s FS customers with a more streamlined broker and client service, enabling clients to gain more efficient and user friendly access to the breadth of AIG’s insurance products and services.
Explaining the reason for the new operations, Kristian Moor, AIG executive vice president of Domestic General Insurance, said: Each of these units is dedicated to a specific industry sector and staffed with executives that are specialists in the risk management needs of financial, real estate and construction enterprises.
These executives can bring together multiple product lines for a single account, which ultimately helps brokers build a comprehensive insurance program that covers their clients’ complete risk profiles.
AIG Financial Institutions Practice account managers have been appointed in Atlanta, Boston, Chicago, Dallas, New York and San Francisco to facilitate broker access to the full range of insurance solutions the AIG Companies provide. Scott Meyer, senior vice president of National Union Fire Insurance Company of Pittsburgh, will serve as practice leader for the new unit.