American International Group Inc, the insurance powerhouse with operations in Bermuda, has appointed Christopher Flatt as global chief underwriting officer.

Mr Flatt will report directly to Peter Zaffino, chairman and chief executive of AIG, and join the company’s executive leadership team.

Mr Zaffino said: “Chris is a highly respected insurance executive with over 30 years of experience in underwriting, risk management and reinsurance.

“I have worked with Chris for many years and have been able to observe his ability to deliver exceptional business and underwriting results. With his diverse insurance background and proven leadership track record of success, Chris will continue to deliver tremendous value as our global chief underwriting officer.”

Mr Flatt said: “I am honoured to step into this role and lead AIG’s dedicated underwriting team. I look forward to working with our technical experts around the world to continue advancing our culture of underwriting excellence and shape the future of underwriting at AIG.”

He succeeds Christopher Schaper, who was appointed chief risk officer of AIG in November.

Erin Fry will succeed Mr Flatt as head of AIG North America alternative channels.