SINGAPORE, 20 January 2020 – American International Group, Inc. (NYSE: AIG) today announced the appointment of Steven Barnett as Chief Executive Officer of Asia Pacific, General Insurance, effective immediately.

In this role, Mr. Barnett will report to Lex Baugh, Acting Chief Executive Officer, International General Insurance and Global Chief Underwriting Officer for Casualty and Financial Lines, General Insurance, and will be based in Singapore. His appointment is subject to regulatory approval.

“We are pleased to welcome Steven back to Asia Pacific as CEO,” said Mr. Baugh. “Steven’s track record and deep understanding of this dynamic region ideally qualify him for this role as we enhance the value we deliver to our customers across Asia Pacific and continue to position AIG as an industry leader.”

During his nearly 30 years with AIG, Mr. Barnett has held a series of leadership roles in Asia, where he served as President and CEO of Korea from 2011 to 2018 and CEO of Thailand from 2003 to 2011. Most recently, he served as CEO of Middle East and Africa since 2018. Mr. Barnett succeeds Sachin Shah, who will be leaving the company to pursue other opportunities.