AIG Named Turab Hussain Chief Risk Officer
The insurer appointed Turab Hussain to lead risk management as Christopher Schaper prepares for his year-end retirement.
Updated on Oct. 1, 2026 in People
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American International Group (AIG) has appointed Turab Hussain as its new chief risk officer, effective October 12, 2026. Hussain succeeds Christopher Schaper, who is slated to retire at the end of 2026.
Why it matters
This leadership transition comes during a period of executive realignment at AIG, which recently saw Eric Andersen take over as CEO in June 2026. The shift aims to maintain continuity in risk and actuarial oversight under the firm's new management team.
Turab Hussain served as AIG global chief actuary since 2023, while Christopher Schaper held the role of chief risk officer since January 2025. Eric Andersen assumed the CEO position on June 1, 2026.
The players
Turab Hussain
He is the incoming chief risk officer at AIG who previously served as the firm's global chief actuary.
Christopher Schaper
He is the outgoing chief risk officer at AIG who has served in the role since January 2025.
Eric Andersen
He is the current CEO of AIG who assumed leadership of the insurance giant on June 1, 2026.
Graham Fulcher
He is the incoming global chief actuary for AIG who will operate out of London.
The details
As part of the internal shuffle, Graham Fulcher will step into the role of global chief actuary on October 12, 2026, reporting directly to Hussain. Hussain will report to CEO Eric Andersen as he takes charge of the company's risk management strategy.
Timeline
June 1, 2026: Eric Andersen became CEO of AIG.
October 12, 2026: Turab Hussain and Graham Fulcher assume their new roles.
November 2026: Christopher Flatt will join Ascot Group.
Year-end 2026: Christopher Schaper will retire from AIG.
Market Landscape
This leadership change follows the organizational restructuring initiated by the June 1, 2026 transition of AIG CEO Eric Andersen. The appointments reflect a broader effort to consolidate executive oversight as the firm navigates a changing insurance risk environment.
While these executive changes do not immediately alter current policy rates or customer service terms, they signal shifts in the firm's long-term risk appetite. Customers should monitor future product offerings as the new leadership team settles into their roles.
The takeaway
Large insurance firms often undergo internal leadership realignments to ensure continuity following the appointment of a new CEO. Investors and clients typically watch these transitions to gauge the company's future strategy regarding risk tolerance and financial stability.
What happens next
Christopher Schaper is scheduled to retire at the end of 2026, while Sierra Signorelli is set to become CEO of the Americas on January 1, 2027.
Further reading
For more information on executive moves, visit the People section.
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