American International Group has promoted three executives with a combined 50 years with the company to key positions in its Foreign General insurance operations.
Alexander Baugh has been named as managing director of American International Group (AIG) UK and regional president of Foreign General’s UK/Ireland division. He will be responsible for the general insurance operations of American International Underwriters (AIU) in the UK and Ireland, based in London. AIU is AIG’s international property-casualty insurance organization. He will succeed Daniel Glaser, who has left to pursue another opportunity.
Mr Baugh joined AIU in 1983 as a financial lines underwriter. He subsequently held a succession of positions with AIU in New York, London and Paris and was most recently president of AIG Europe, S.A., and president of AIU’s continental European region.
AIG senior vice president Julio Portalatin will succeed Mr Baugh as president of AIG Europe, S.A., and president of AIU’s Continental European Region, based in Paris. Mr Portalatin has served as president of the AIU accident and health division since 2002. Prior to that, he served in New York as president of AIU Personal Lines division; in Mexico as AIU Latin America division regional vice president and general manager of Seguros Interamericana, S.A., AIG’s Mexican property and casualty insurance company; and in New York as AIU Latin America division executive vice president. Mr Portalatin is a graduate of Hofstra University.
Jose Hernandez, who is currently COO of AIU’s accident & health division, will succeed Mr Portalatin as president. Mr Hernandez joined AIG in 1994 as commercial lines manager of AIG’s Seguros Interamericana, S.A., in Mexico. He was named vice president, AIU Latin America division in 1997 and later general manager of AIG Mexico Seguros Interamericana, S.A., in 1998. Mr Hernandez is a graduate of Bentley College.
Martin Sullivan, AIG president and CEO, said: Our ability to draw upon such talented executives within our ranks demonstrates the depth and breadth of AIG’s accomplished management team.