AIG Named New Chief Risk Officer
The insurer appointed Turab Hussain to lead risk management as it continues a broad leadership transition.
Updated on Oct. 1, 2026 in People
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American International Group has named Turab Hussain as its new chief risk officer, effective October 12, 2026. This appointment is part of a wider executive shift at the insurance firm, occurring under the leadership of CEO Eric Andersen.
Why it matters
The change in risk oversight reflects a broader organizational restructuring under CEO Eric Andersen, who took his position in June 2026. Such executive turnover at major financial institutions often signals shifts in risk appetite and internal regulatory compliance strategies.
Turab Hussain will step into the risk role on October 12, 2026, while outgoing officer Christopher Schaper concludes a tenure that began in January 2025. The transition follows Eric Andersen assuming the CEO role on June 1, 2026.
The players
American International Group
A global insurance and financial services organization operating across international markets.
Turab Hussain
An insurance executive and actuary who served as AIG global chief actuary since 2023.
Eric Andersen
The current CEO of American International Group who assumed the role on June 1, 2026.
Christopher Schaper
The outgoing chief risk officer who has led the function since January 2025.
Graham Fulcher
An actuarial professional incoming as the global chief actuary for American International Group.
The details
Turab Hussain will move from his role as global chief actuary, a position he held since 2023, to report directly to CEO Eric Andersen. Concurrently, Graham Fulcher will take over the global chief actuary position and report to Hussain. These appointments coincide with the planned retirement of Christopher Schaper by the end of 2026.
Timeline
• June 1, 2026: Eric Andersen became AIG CEO.
• October 12, 2026: Turab Hussain and Graham Fulcher assume their new roles.
• November 2026: Christopher Flatt joins Ascot Group.
• Year-end 2026: Christopher Schaper retires from AIG.
• January 1, 2027: Sierra Signorelli becomes CEO of the Americas.
Market Landscape
This leadership adjustment follows the 2026 AIG executive leadership transition and the recent appointment of new board leadership. It marks a broader shift in institutional governance as the company replaces key risk and actuarial personnel.
Operators should track how these changes in risk and actuarial leadership shift the company's appetite for new insurance products or policy renewals. Business owners who rely on AIG for coverage should monitor internal communications regarding new protocols that may impact renewal terms after the October 12 transition.
The takeaway
Large-scale organizational restructuring at major insurers often precedes changes in underwriting standards and commercial risk evaluation. Operators should verify if their primary points of contact are affected by these executive shifts to ensure continuity in service.
What happens next
Sierra Signorelli is set to become CEO of the Americas on January 1, 2027, and Christopher Schaper is expected to conclude his tenure by year-end 2026.
Further reading
For more on executive movements and structural changes, visit the People section.
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