Insurance company American International Group Inc has named Thomas Leonardi as executive vice president of government affairs, public policy and communications. His appointment becomes effective November 1, 2017. Previously, Leonardi was at Evercore where he served as senior adviser to the firm’s investment advisory business with a focus on the insurance industry. Also, Leonardi is the former commissioner of insurance at the Connecticut Insurance Department and was founder, chairman and CEO of Connecticut-based Northington Partners Inc, private equity, venture capital and investment banking firm that specialized in the insurance industry.
NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE:AIG) today announced that Thomas Leonardi will join the company as Executive Vice President, Government Affairs, Public Policy and Communications effective November 1, 2017. Mr. Leonardi previously served as the Commissioner of Insurance at the Connecticut Insurance Department, and as an investment banker and venture capitalist.
Mr. Leonardi will report to Chief Executive Officer Brian Duperreault and will oversee AIG’s global public policy and government affairs and build clear lines of communication with the numerous regulators that oversee AIG at the state, federal and international levels. He will work closely with Executive Vice President and General Counsel Lucy Fato, who will continue to oversee global regulatory matters in addition to the company’s legal and compliance departments. He will also provide oversight of the Corporate Communications and Marketing function.
“Tom’s unique set of experiences across the insurance industry will benefit AIG in countless ways,” said Mr. Duperreault. “I served alongside Tom on the Board of the Federal Advisory Committee on Insurance, and I know him to be both an excellent businessman and accomplished entrepreneur. His knowledge of the insurance industry and the regulatory environment gained during his time in the private and public sectors will be an asset to AIG as we position the company for future growth.”
“I look forward to joining the exceptional team at AIG,” said Mr. Leonardi. “While at Evercore, I had the opportunity to work as an advisor to AIG so I understand where the company has been and more importantly, the potential for its future. I’m encouraged by the changes that Brian has already put in motion so early in his tenure, and I look forward to being part of AIG’s next chapter as a leader in the industry.”
Mr. Leonardi joins AIG from Evercore, where he was Senior Advisor to the firm’s Investment Advisory business with a focus on the insurance industry. Prior to Evercore, Mr. Leonardi was head of the Connecticut Insurance Department, a regulatory agency with jurisdiction over one of the largest insurance industries in the United States. For 22 years prior to his appointment as Commissioner, Mr. Leonardi was Founder, Chairman and Chief Executive Officer of Connecticut-based Northington Partners Inc., an NASD broker dealer, venture capital, private equity and investment banking boutique that specialized in the insurance industry. Before Northington, he was head of the investment banking and venture capital divisions of Conning & Company, and President of Beneficial Corporation’s insurance subsidiaries. He began his career as a litigation attorney in Connecticut. Mr. Leonardi received a J.D. from the University of Connecticut and a B.S in history from Boston University.
Mr. Leonardi has also served as a member of the executive committee of both the National Association of Insurance Commissioners and the International Association of Insurance Supervisors. He was a member of the U.S. Treasury’s inaugural Federal Advisory Committee on Insurance, and was selected to serve on the World Economic Forum’s Global Council on Insurance and Asset Management.
Certain statements in this press release constitute forward-looking statements. These statements are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. It is possible that actual results will differ, possibly materially, from the anticipated results contemplated by these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG’s periodic filings with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.