Departure ends seven-year stint at insurer

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Tom Colraine, AIG’s chief financial officer (CFO) for Europe, Middle East and Africa (EMEA), has retired after seven years with the company.

Colraine will be succeeded as CFO of UK-based insurer AIG Europe by James Lenton.

Colraine joined AIG Insurance UK in 2007 as non-executive director and chairman of the audit committee.

He was appointed AIG UK CFO in 2009 and became CFO of AIG Europe in 2010. His role was expanded to cover all the EMEA region in 2012.

Before joining AIG Colraine spent 18 years at broking group Willis in a variety of senior positions, including CFO and co-chief operating officer.

AIG EMEA president and chief executive Seraina Maag said: “We are grateful to Tom for his many contributions to AIG. His experience and perspective have been invaluable during his time with us, and he will be dearly missed. All his AIG colleagues wish him success and happiness in his future endeavours.”

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