Brought to you by:
Insurance Advisernet
Insurance Advisernet

AIG names new Australia CEO

Facebook Twitter LinkedIn Google

AIG has appointed Fairfax Financial executive Nigel Fitzgerald as CEO Australia, taking over from Noel Condon who will leave the business.

Mr Fitzgerald takes up the Sydney-based role on December 10, reporting to Asia Pacific General Insurance CEO Sachin Shah.

Mr Shah says Australia is “an important part of our Asia Pacific region, and presents attractive opportunities for profitable growth”.

“Nigel has extensive insurance market experience and a proven track record of managing product mix, strong underwriting discipline and building sustainable profitable businesses,” he said.

A note to AIG staff from Mr Shah seen by says Mr Condon “will be retiring from AIG” on December 9 after 35 years’ service. understands he has no plans to retire from the insurance industry.

Mr Condon was appointed in 2010 to head up AIG Australia, having held various senior roles within the group in his native Dublin as well as Hong Kong, Shanghai, Budapest, Auckland, Seoul, Tokyo, London and Brussels.

“In each of his roles, Noel grew and developed our market presence, developed strong internal and external relationships and established capabilities that still serve us well today,” Mr Shah says in the internal note.

Mr Fitzgerald was appointed Fairfax International Australasia CEO in January last year. Prior to that he was CEO of Advent Capital Holdings in London, and from 1999 to 2010 he held senior roles at Liberty International Underwriters.

He says he aims to “deliver differentiated value to our brokers and clients, and make a meaningful impact in a dynamic Australian market”.

More details in our regular bulletin on Monday.