Former AIG Korea chief appointed as AP CEO

By Kim Bo-eun

Steven Barnett

U.S. insurance giant American International Group (AIG) appointed former AIG Korea head Steven Barnett as Asia-Pacific CEO Thursday.

Barnett, who has been with AIG for nearly 30 years, has held a series of leadership roles in Asia. He served as CEO of AIG Korea from 2011 to 2018.

"We are pleased to welcome Steven back to the Asia-Pacific as CEO," said Lex Baugh, acting chief executive for international general insurance.

"Steven's track record and deep understanding of this dynamic region ideally qualify him for this role as we enhance the value we deliver to our customers across the Asia-Pacific and continue to position AIG as an industry leader."

Barnett, as Asia-Pacific CEO, will be based in Singapore. Before his appointment to the position, he served as AIG CEO in the Middle East and Africa regions from 2018.

In the Asia-Pacific region, Barnett also served as AIG CEO in Thailand from 2003 to 2011.