Starr International poaches AIG executive
Starr International has appointed AIG’s chief reinsurance officer Charles (Chuck) Dangelo into three executive positions.
His departure follows a growing number of AIG executives who have left for positions at other insurance companies following the group’s government bailout in September 2008.
Dangelo takes up the positions of chief executive for Starr Indemnity and Liability, chief executive of Starr Excess Lines Insurance, and director and chairman of Starr Insurance and Reinsurance.
All three companies are subsidiaries of Starr International, which is headed up by former AIG boss Maurice ‘Hank’ Greenberg.
Commenting on the appointment, Greenberg said: “Chuck will assist us in developing the business in a deliberate and professional manner, and his decades of his experience will help Starr accelerate its growth.”
Greenberg was forced out of AIG in 2005 after an accounting scandal and government investigations.
Since his departure, he has been extremely critical of AIG’s management, especially regarding the government bailout.
“If you think that is a way to save a company, then we have a disagreement,” he said. “That’s a way to liquidate a company, not to save a company.”
Category: Employment News, Insurance News
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