News & Events zu American International Group, Inc. (AIG)AIGAmerican International Group, Inc.

AIG Appoints Turab Hussain as Chief Risk Officer

AIG announced that Turab Hussain has been appointed EVP and Chief Risk Officer of AIG, effective October 12. Hussain succeeds Christopher Schaper as AIG's Chief Risk Officer, who has informed the company that he intends to retire from AIG at the end of this year. Since 2023, Hussain has served as AIG's Global Chief Actuary, with responsibility for pricing, reserving and other actuarial activities across the company. He joined AIG in 2021 as Chief Risk Officer for General Insurance. Prior to AIG, Hussain was Chief Risk & Actuarial Officer at PartnerRe and Chief Insurance Risk Officer at The Hartford. Earlier in his career, he held risk and actuarial roles at Arch Insurance, The Hartford, American Re and Reliance Insurance. Chris Schaper joined AIG in 2019 as CEO of AIG Re, and during his tenure, he served in several influential leadership roles across underwriting, reinsurance and risk, including Global Chief Underwriting Officer from November 2023 to January 2025 and Chief Risk Officer since January 2025. He also served as a member of AIG's Executive Leadership Team. AIG also announced the appointment of Graham Fulcher to Global Chief Actuary, succeeding Hussain, effective October 12. Fulcher joined AIG in 2022 as Chief Actuary, International Commercial Insurance. Prior to AIG, he held senior actuarial and risk consulting roles at Chubb, WTW and ACE.

Insurify Blocks Meta's Muse from Accessing Its Platforms

Online insurance marketplace Insurify announced it has blocked Meta's (META) Muse personal AI agent from accessing Insurify's comparison shopping platforms. "Insurify made this decision to protect both consumers and its carrier partners," the company said in a statement. It added, "Automated scraping by agents like Muse risks stripping carrier quotes of critical contextual information that consumers need to make informed insurance-buying decisions. The Muse AI agent can present carrier quotes as a bare price list and omit coverage limits, deductibles, discounts, eligibility conditions, and state-required disclosures. A carrier quote is an offer of coverage, not merely a price, and Insurify protects the accompanying terms, eligibility, attribution, and disclosures that empower consumers to make an informed choice for their needs." Publicly traded companies in the insurance space include AIG (AIG), Allstate (ALL), Chubb (CB), Hartford (HIG), Progressive (PGR) and Travelers (TRV).