McElroy will lead the General Insurance Executive Leadership Team and join the AIG Executive Leadership Team, reporting to Peter S. Zaffino, AIG’s president and global chief operating officer. Zaffino, who has been serving as CEO of General Insurance, AIG’s property/casualty business, began taking on more enterprise-wide responsibilities as president and global chief operating officer in January.

McElroy joined AIG as president and chief executive officer of surplus lines writer Lexington Insurance Co. in October 2018 and was promoted to president and chief executive officer of North America, General Insurance in June 2019. Before joining AIG, McElroy held numerous leadership roles within the insurance industry, including executive chairman of Arch Insurance Group and vice chairman of Arch Worldwide Insurance Group.

Zaffino credited McElroy with playing an “instrumental role in the turnaround” of the General Insurance business and “the positioning of AIG as a market leader.”