American International Group (AIG) has appointed Scott Leney (pictured) as regional president for Asia-Pacific, a role that includes oversight of its general insurance businesses in Australia and New Zealand as well as key Asian markets.
AIG said Leney will assume responsibility for AIG’s operations in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam, and the Philippines, subject to regulatory approvals. He is expected to join the company on Feb. 1, 2026. The position gives Leney responsibility for AIG’s commercial and specialty activities across both developed and emerging Asia-Pacific markets. This includes the Australian corporate and mid-market segment across property, casualty, and specialty classes.
Leney joins AIG from Everest Insurance, where he served as head of Asia-Pacific and was responsible for strategy and portfolios across the region. Earlier in his career, he spent 25 years at Marsh McLennan in a range of senior roles, including head of risk management for Marsh Asia & Pacific, CEO of Marsh Australia, and CEO of Marsh Pacific.
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Jon Hancock, CEO, general insurance at AIG, said the move is intended to strengthen the insurer’s international commercial leadership team. “Scott’s extensive insurance industry experience and reputation across the Asia-Pacific region makes him an excellent addition to AIG’s international commercial insurance leadership team. His deep understanding of the opportunities across the region will be invaluable as we continue to grow our share in the marketplace,” Hancock said. He added that AIG sees “significant opportunity for expansion” in Asia-Pacific as it seeks to strengthen client and partner relationships and “accelerate our market position in Asia-Pacific.”
In connection with the appointment, AIG said Chris Colahan will leave the company to pursue other opportunities.
Leney said the role focuses on developing AIG’s position across key Asia-Pacific markets, including Australia. “It’s an honour to join AIG, a company that I have long admired for its a strong underwriting expertise, operational excellence, and the value it delivers to clients and partners. This role is a tremendous opportunity to further strengthen AIG’s position in key markets across the region, and I look forward to working with Jon Hancock and the talented AIG Asia Pacific team to drive the business forward,” Leney said.
AIG announced Leney’s appointment following the release of its financial results for the third quarter ended Sept. 30, 2025 (Q3 2025). Net income for the quarter was US$519 million, up 13% from the prior-year period. Net income per diluted share was US$0.93, an increase of 31% year over year. Adjusted after-tax income rose 52% to US$1.2 billion, or US$2.20 per diluted share, up 77% from the prior-year quarter.
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In the general insurance segment, underwriting income increased 81% to US$793 million. Net premiums written were US$6.2 billion, a decrease of 2% on a reported basis and 1% on a comparable basis. The general insurance combined ratio was 86.8%, an improvement of 5.8 percentage points year over year. The accident year combined ratio, as adjusted, was 88.3%, unchanged from the prior-year period. Net investment income was US$772 million, down 21%, while net investment income on an adjusted pre-tax income basis was US$1.0 billion, up 15% year over year. AIG reported a return on equity of 5.0% and a core operating return on equity of 13.6% for the quarter.
