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AIG Life names new chief actuary in the UK

AIG Life names new chief actuary in the UK | Insurance Business UK

AIG Life names new chief actuary in the UK

AIG Life has appointed Michael Aitchison (pictured) as chief actuary.

In his new role, Aitchison will report to AIG Life chief financial officer Donald MacLean. Aitchison’s appointment takes effect August 02, 2021. He will be responsible for oversight of the company’s financial and insurance risks, as well as developing the actuarial and capital aspects of the risk appetite framework. Aitchison will also be in charge of developing AIG Life’s Solvency II internal model.

Aitchison was most recently serving as financial risk director at Royal London Group – a role he held for five years. Prior to that, he held a number of roles related to product pricing, capital, projects, and financial reporting at Prudential for 15 years, where he also helped in the launch and development of the PruProtect business.

“I am delighted that Michael is joining our business and look forward to welcoming him to the team,” commented AIG Life chief financial officer Donald MacLean. “He brings a depth of market, risk and actuarial expertise to a role that is pivotal to our strategic ambitions.”