David McElroy, chairman of General Insurance at American International Group Inc, is to retire from the company, effective May 1.

AIG said Mr McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the company.

He joined AIG in 2018 as president and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and chairman of General Insurance since January 1.

“David McElroy joined AIG at a pivotal time as we began the multiyear effort of improving our underwriting performance and refining our risk appetite,” said Peter Zaffino, AIG chairman and chief executive officer.

“Thanks to the hard work and determination of our entire team, AIG is now widely recognised as a leading global insurer by our clients, distribution partners and many stakeholders.”