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David McElroy (pictured), chair of common insurance coverage at American Worldwide Group (AIG), is retiring on Might 1.

“Mr McElroy has agreed with AIG to speed up his retirement date for private causes and can stay obtainable to the corporate,” AIG famous with out elaborating.

The departing chief took on the chairmanship, a brand new function, in January. He beforehand served as common insurance coverage chief govt from August 2020 till the tip of final yr.

When McElroy got here on board in 2018, he initially held the president and CEO positions at Lexington Insurance coverage Firm. Previous to changing into a member of the AIG govt management staff in 2020, McElroy served as president and CEO of North America common insurance coverage.    

“David McElroy joined AIG at a pivotal time as we started the multi-year effort of enhancing our underwriting efficiency and refining our threat urge for food,” Peter Zaffino, chair and chief govt of AIG, stated when the retirement was introduced.

“Because of the laborious work and willpower of our whole staff, AIG is now widely known as a number one world insurer by our purchasers, distribution companions, and lots of stakeholders.”

Final October, Zaffino had this to say about McElroy: “I’m grateful to Dave for his management and important contributions over the previous 5 years, as we constructed out an industry-leading world staff and underwriting tradition.”

On the time, McElroy cited the “nice honor” to be part of what he thought-about AIG’s historic turnaround.

“By working in probably the most necessary components of our enterprise, centered on strengthening dealer and shopper relationships, I see our dedication to underwriting excellence and enhanced concentrate on our purchasers in motion daily,” McElroy said in October 2023.

In the meantime, it’s unclear when McElroy’s successor as common insurance coverage chair will likely be named.

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