AIG hires executive vice president from Acacia

American International Group Inc. on Monday said former Acacia Holdings Ltd. CEO Charlie Fry has been named executive vice president, reinsurance purchasing and risk capital optimization, effective July 31.

Mr. Fry will head reinsurance purchasing strategy and placement execution and capital allocation in AIG’s property casualty business. He will be based in New York and report to Peter Zaffino, AIG’s chairman and CEO, a statement said.

Mr. Fry first joined AIG in 2017 as global head of reinsurance strategy and head of global portfolio management for general insurance, departing in 2020.