American International Group, Inc. announced that Charlie Fry has been named Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, effective July 31st. Mr. Fry will report to Peter Zaffino, AIG's Chairman & Chief Executive Officer and will assume responsibility for AIG's reinsurance purchasing strategy and placement execution, as well as optimizing capital allocation in AIG's property casualty business. In this roleb, he will work closely with Shane Fitzsimons, AIG's Executive Vice President & Chief Financial Officer, and Mark Lyons, AIG's Executive Vice President, Global Chief Actuary and Head of Portfolio Management.
Mr. Fry first joined AIG in 2017 as Global Head of Reinsurance Strategy and Head of Global Portfolio Management for General Insurance. After departing AIG in 2020, he served as Chief Executive Officer of Acacia Holdings Ltd., a Bermuda-based capital investment company. He previously served as Group Chief Financial Officer at Novae Group plc, a UK-listed specialty insurer, and, prior to that, was Global Chief Operating Officer at Guy Carpenter.
In addition, he previously worked with Apax Partners on its investment in Travelex Group and, from 1999 to 2006, Mr. Fry was a member of the senior management team of Benfield Group.