Anthony Philip Named As New Bermuda AIG CEO
[Updated] American International Group, Inc. announced today [May 14] that Bermudian Anthony Philip has been named President and Chief Executive Officer of American International Company Limited [AIG] in Bermuda.
Mr. Philip will assume his new position effective immediately.
He succeeds David Valzania, who was recently named as head of Global Risk Solutions [GRS] for the US and Canada.
In his new role, Mr. Philip will be responsible for leading AIG’s business strategies in Bermuda as part of AIG’s Americas Region.
He will manage all of AIG’s daily operations on the island, including financial and general business matters.
Mr. Philip will oversee regulatory matters and will act as AIG’s principal liaison with the Bermuda Monetary Authority. In addition, he will serve on the boards of American International Reinsurance Company, Ltd. [AIRCO] and American International Overseas Limited.
“We are very pleased to have Anthony leading our operations in the country,” stated Rob Schimek, the President and CEO of AIG for the Americas Region. “He brings a wealth of knowledge about the business and regulatory environment in Bermuda through his background in corporate law and previous experience working at the Bermuda Monetary Authority.”
Mr. Philip joined AIG in 2008 as Senior Vice President and General Counsel for AIG in Bermuda, where he was responsible for advising on Bermuda law, regulation, and corporate governance, and managing corporate administration and compliance for the 35 AIG companies in Bermuda.
Mr. Philip also acted as Company Secretary for all AIG companies in Bermuda.
Prior to joining AIG, Mr. Philip was part of the senior management team of Flagstone Reinsurance and West End Capital Management.
He has also served as a corporate attorney in two law firms on the island, and was a manager at the Bermuda Monetary Authority.
Mr. Philip — an elder at at Calvary Gospel Church, Southampton — holds a Bsc in management and industrial relations from Seton Hall University, and he earned his LLB from the University of London.
He was called to the Utter Bar of England and Wales and was admitted to the Supreme Court of Bermuda in 1993.
AIG is a leading international insurance organization serving customers in more than 130 countries.
The firm’s companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer.
In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Update 6.30pm: The Bermuda Progressive Labour Party today extended congratulations to newly appointed AIG President and CEO Anthony Phillip.
PLP Leader Marc Bean said, “Mr. Phillip’s achievement is worthy of note and congratulations. His achievement stands as an inspiration for all Bermudians and we are confident that his success is a harbinger of even greater progress for Bermudians within AIG.”
“On behalf of the Progressive Labour Party, our members and supporters, we congratulate Mr. Phillip,” Mr. Bean concluded.
Congrats Mr. Philip,
All the best in your new position. What a blessing!!!
Fellow church member
Who says that Bermudians are not at the top of International Business?
Congragulations to Mr. Philip!
We now have Bermudians David Cash at Endurance, Patrick Tannock at XL, Rees Fletcher at ACE, Terry Pitmental at Arch all running the operations of these flagship Companies in the Bermuda market!!!
All of these individuals are extremely well qualified, internationally respected for their business acumen and as term limits are not and never were relevant at their level have reached the top on merit!
Well done Mr. Philip!
Love it when good things happen to good people! Congratulations Mr. Philip
Congratulations Anthony M. Phillip. You make the West End Crew proud.
Congratulations Brother Anthony! All the best!!
well stated by all above
Congrats!!!!