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American International Group (ÌìÃÀÍøÕ¾´«Ã½´«Ã½) today announced a top executive will retire in less than two weeks.

David McElroy will retire from ÌìÃÀÍøÕ¾´«Ã½´«Ã½ on May 1.

“Mr. McElroy has agreed with ÌìÃÀÍøÕ¾´«Ã½´«Ã½ to accelerate his retirement date for personal reasons and will remain available to the company,” ÌìÃÀÍøÕ¾´«Ã½´«Ã½ said in a statement.

McElroy since January 1 has been chairman of General Insurance, where he was to focus on advancing client development, building distribution partner relationships, and continuing to support the company’s focus on underwriting excellence.

McElroy joined ÌìÃÀÍøÕ¾´«Ã½´«Ã½ as president and CEO of surplus lines writer Lexington Insurance in October 2018 and was promoted to president and CEO of North America, General Insurance in June 2019. In August 2020 he was promoted to CEO of General Insurance.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Chairman and CEO Peter Zaffino said McElroy “joined ÌìÃÀÍøÕ¾´«Ã½´«Ã½ at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite.”

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