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AIG hires new chief actuary

American International Group, a provider of life insurance and retirement services, has named Charlie Shamieh to the newly created role of AIG senior vice president - corporate chief actuary.

In addition, Chartis, the P&C unit of AIG, has appointed Mark Scully as senior vice president and Chartis chief actuary succeeding Frank Douglas.

Shamieh will be responsible for rating agency relations, statutory and rating agency capital management, and intrinsic value management.

Shamieh’s new role includes responsibility for rating agency relations, statutory and rating agency capital management, and intrinsic value management.

Shamieh joined AIG in 2007 as executive director of enterprise risk management. Prior to joining AIG, he was group chief risk officer for Munich Re Group and a member of the group committee of Munich Re’s board of management.

Scully will have responsibility for Chartis’ worldwide actuarial organization, reporting to Shamieh and to Robert Schimek, executive vice president and chief financial officer of Chartis.

Scully will join Chartis from Allianz SE, where he held the position of global chief actuary and deputy chief risk officer. Prior to Allianz, he held positions with Tillinghast-Towers Perrin and Travelers.

AIG executive vice president and chief financial officer David Herzog said this team’s analytical strength and depth of experience provide the added perspective on reserving and pricing required to be vigilant in recognizing current and emerging risks – and keeping the management teams regularly apprised of these issues both in the industry and specific to AIG.