AIG has established two new entities, one in the UK and one in Luxembourg, to enable uninterrupted client service regardless of the future relationship between the UK and the EU. AIG will transfer existing business to the new UK and European entities and merge its existing carrier, AIG Europe Limited, into the new European company. The two new companies will begin writing business from 1 December 2018.

Lillelund joins AIG from Aspen Re where he was CEO, prior to which he served as regional manager of the Asia Pacific region off Aspen Re. During his 20-year career, Lillelund had also served as AIG’s regional vice president in Southeast Asia, and worked for various companies in Hong Kong, South Africa and the US.

In his new role he will be responsible for continental Europe and Ireland. Anthony Baldwin, current CEO of AIG Europe Ltd will become CEO of AIG’s UK entity.