American International Group has named Bermudian Anthony Philip as the new president and CEO of its Bermuda subsidiary.Mr Philip, a former manager at the Bermuda Monetary Authority, joined AIG in 2008.He succeeds David Valzania, who was recently named as head of global risk solutions (GRS) for the US and Canada.In his new role, Mr Philip will be responsible for leading AIG’s business strategies in Bermuda as part of AIG’s Americas Region.He will manage all of AIG’s daily operations in the country, including financial and general business matters.Mr Philip will oversee regulatory matters and will act as AIG’s principal liaison with the BMA.In addition, he will serve on the boards of American International Reinsurance Company, Ltd (AIRCO) and American International Overseas Limited.“We are very pleased to have Anthony leading our operations in the country,” stated Rob Schimek, the president and CEO of AIG for the Americas.“He brings a wealth of knowledge about the business and regulatory environment in Bermuda through his background in corporate law and previous experience working at the Bermuda Monetary Authority.”Mr Philip joined AIG in 2008 as senior vice president and general counsel for AIG in Bermuda, where he was responsible for advising on Bermuda law, regulation, and corporate governance, and managing corporate administration and compliance for the 35 AIG companies in Bermuda. Mr Philip also acted as company secretary for all AIG companies in Bermuda.Prior to joining AIG, Mr Philip was part of the senior management team of Flagstone Reinsurance and West End Capital Management. He has also served as a corporate attorney in two law firms in the country, and was a manager at the Bermuda Monetary Authority.Mr Philip holds a BSc in management and industrial relations from Seton Hall University, and he earned his LLB from the University of London. Anthony was called to the Utter Bar of England and Wales and was admitted to the Supreme Court of Bermuda in 1993.AIG has customers in more than 130 countries and one of the most extensive worldwide property-casualty networks of any insurer.