American International Group (AIG), a leading global insurance organization, announced on November 12 that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately, and will continue to serve on AIG’s Executive Leadership Team.

According to the press release, Mr. Schaper has held the role of Chief Risk Officer on an interim basis since September 2024, while also serving as AIG’s Global Chief Underwriting Officer. As Chief Risk Officer, Mr. Schaper will oversee AIG’s global Enterprise Risk Management organization, including the company’s risk management strategy, policies and practices. He will continue to serve as Global Chief Underwriting Officer, in an interim capacity, until a successor is appointed.

“I have known Chris for over 25 years, and his deep understanding of our industry and expertise in risk management have helped shape our culture of underwriting excellence”, said Peter Zaffino, Chairman & CEO, AIG.