AIG Will Appoint New Risk and Actuarial Leaders
Turab Hussain and Graham Fulcher will begin their new roles at AIG on October 12, 2026.
Updated on Oct. 11, 2026 in People
AIG announced that Turab Hussain will become executive vice president and chief risk officer, while Graham Fulcher will serve as global chief actuary starting October 12, 2026. These leadership changes follow the announcement that chief risk officer Christopher Schaper plans to retire at the end of 2026.
Why it matters
The appointments reflect a transition in AIG leadership as the company prepares for the retirement of its current chief risk officer at the end of the year. This shift in personnel realigns key actuarial and risk management oversight within the organization.
AIG confirmed that these appointments follow the hiring of Christopher Schaper in 2019 and his tenure as chief risk officer that began in January 2025. The transition occurs as the company maintains its current operational scale with these executive changes.
The players
Turab Hussain
He is the incoming executive vice president and chief risk officer who has been with AIG since 2021.
Graham Fulcher
He is the incoming global chief actuary who previously led actuarial operations for International Commercial Insurance.
Eric Andersen
He serves as the president and chief executive officer of AIG.
Christopher Schaper
He is the outgoing chief risk officer who plans to retire from the company at the end of 2026.
The details
Turab Hussain, who previously served as global chief actuary since 2023, will report directly to AIG President and CEO Eric Andersen in his new capacity. Graham Fulcher, currently based in London and having joined AIG in 2022 as chief actuary for International Commercial Insurance, will report to Hussain.
Timeline
Turab Hussain joined AIG in 2021.
Graham Fulcher joined AIG in 2022.
Christopher Schaper became chief risk officer in January 2025.
New roles for Hussain and Fulcher begin on October 12, 2026.
Christopher Schaper will retire at the end of 2026.
Market Landscape
These appointments signify a broader transition in corporate governance as AIG prepares for the retirement of long-tenured executives. The move ensures that critical risk management and actuarial functions remain stable through planned leadership succession.
While these internal executive moves do not immediately change retail pricing or consumer services, they indicate the management structure overseeing company risk policies. Clients may observe shifts in institutional strategy as new leadership takes over these primary operational roles.
The takeaway
Planned executive successions are essential for maintaining stability during leadership departures at large financial firms. Organizations often announce these changes well in advance to provide market clarity and ensure seamless operational handovers.
What happens next
Christopher Schaper will officially retire from AIG at the conclusion of 2026.
Further reading
For more background on industry staffing changes, visit the People section.
