People Moves at AIG and Aon

American International Group, Inc.announced that Mark D. Lyons will join the company as senior vice president & chief actuary, General Insurance, effective June 1, 2018.

Lyons will lead the General Insurance global actuarial organization and report to Peter Zaffino, chief executive officer, General Insurance. Lyons will also serve as a member of the General Insurance executive leadership team. In this role, he will oversee actuarial strategy and provide input into key General Insurance strategic decisions, as well as pricing and reserving practices. The actuarial reserving unit will also report into the General Insurance chief financial officer.

Lyons is rejoining AIG from Arch Capital Group, Ltd., where he served as executive vice president, chief financial officer and treasurer since 2012. He joined Arch in 2002, and served in various capacities within Arch Insurance U.S. operations, eventually rising to chairman and chief executive officer of Arch Worldwide Insurance Group. Prior to joining Arch, Lyons held various positions at Zurich U.S., Berkshire Hathaway and AIG.

Lyons is a member of the American Academy of Actuaries and is an associate of the Casualty Actuarial Society.

Aon announced that Eric Andersen, chief executive officer of Aon Benfield, and Michael O’Connor, chief executive officer of Aon Risk Solutions, have been appointed co-presidents of the firm, effective immediately. As co-presidents, O’Connor and Andersen will continue to report to Aon’s Chief Executive Officer, Greg Case, whose contract was recently extended by the Board of Directors until April of 2023.

Aon also announced it will retire the firm’s remaining business unit brands – Aon Risk Solutions and Aon Benfield, which follows the retirement of the Aon Hewitt business unit brand in 2017 – and create an integrated global Operating Committee, co-led by Andersen and O’Connor. Both moves are designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients.

Aon previously announced a single P&L structure, which is part of an ongoing effort to increase colleague connectivity and accelerate reinvestment in innovation that serves clients. That effort is overseen by Aon’s global CFO Christa Davies, whose contract was also recently extended by the Board of Directors until April of 2023.

Andersen has served in a number of important leadership positions throughout his over 20-year career at Aon, most recently as CEO of Aon Benfield and prior to that was CEO of Aon Risk Solutions Americas. Andersen first joined Aon in 1997 via the acquisition of Minet. Prior to that, Andersen also worked in London at Alexander Howden.

O’Connor joined Aon in 2008 and has served in various important leadership roles at Aon, most recently as CEO of Aon Risk Solutions and prior to that as COO of Aon Risk Solutions and Aon Benfield. Prior to Aon, O’Connor was a partner at McKinsey & Company, where he served as a leader for the North American Financial Services practice and the North American Insurance practice.