final answer.
Key Terms
underwriting
financial
Underwriting is the process where a financial institution agrees to buy and then resell new stocks or bonds to investors. It matters because it helps companies raise money quickly and smoothly, while the bank takes on the risk of selling those securities at the agreed price. Think of it like a booker guaranteeing to sell all tickets for a concert before opening the doors.
NEW YORK–(BUSINESS WIRE)– American International Group, Inc. (NYSE: AIG) announced the appointment of Scott Leney as Regional President, AIG Asia Pacific. Leney will oversee operations in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam, and the Philippines.
Leney brings more than three decades of experience leading global risk teams across the Asia Pacific region. Prior to joining AIG, he served as Head of Asia Pacific at Everest Insurance, where he shaped business strategy and portfolio management for both Asian and Pacific markets. Before Everest, Leney spent 25 years at Marsh McLennan, holding senior leadership roles such as Head of Risk Management for Marsh Asia & Pacific, CEO of Marsh Australia, and CEO of Marsh Pacific.
“Scott’s extensive insurance industry experience and reputation across the Asia Pacific region make him an excellent addition to AIG’s International Commercial Insurance leadership team,” said Jon Hancock, CEO, General Insurance, AIG. “His deep understanding of the opportunities across the region will be invaluable as we continue to grow our share in the marketplace. We are pleased to welcome Scott at this moment when we have significant opportunity for expansion as we strengthen AIG’s client and partner relationships and accelerate our market position in Asia Pacific.”
Leney will assume his new role on February 1, 2026, pending regulatory approval. In tandem with his arrival, Chris Colahan will depart AIG to pursue other opportunities.
“It’s an honor to join AIG, a company I have long admired for its strong underwriting expertise, operational excellence and the value it delivers to clients and partners,” Leney said. “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.”
About AIG
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risk through a combination of direct operations, licensed subsidiaries and a broad network of partners.
Strategic Context – Asia Pacific
The Asia Pacific insurance market is undergoing rapid digitization, driven by rising demand for cyber‑risk coverage, climate‑related property products, and embedded insurance solutions embedded in e‑commerce platforms. AIG’s appointment of Leney underscores a broader strategic push to leverage data analytics, artificial‑intelligence–driven underwriting, and automated claims processing to improve loss ratios and accelerate growth.
Technological Edge
- AI‑Enabled Underwriting: AIG has invested in machine‑learning models that assess risk exposure in real time, allowing faster pricing and reduced manual review cycles.
- Digital Claims Platforms: The firm’s claims ecosystem integrates mobile‑first reporting, automated damage assessment using computer vision, and blockchain‑based verification for fraud mitigation.
- Data Partnerships: Collaborations with regional insurtech firms provide granular risk data (e.g., satellite imagery for flood modeling) that enhance product customization.
Competitive Landscape
In markets such as Singapore and Hong Kong, local insurers and global players alike are accelerating product innovation. AIG’s ability to combine its traditional strength in large‑scale commercial underwriting with emerging digital capabilities positions it to capture a larger share of both legacy corporate accounts and newer, technology‑driven clientele.
Regulatory Outlook
Regulators across the region are tightening capital adequacy standards and emphasizing cyber‑risk resilience. AIG’s expanded regional leadership will focus on meeting these requirements through robust risk‑modeling frameworks and enhanced solvency reporting, aligning with ongoing initiatives such as the Insurance‑Linked Securities (ILS) market growth in Australia.
Overall, Leney’s deep regional experience, combined with AIG’s investment in technology and data analytics, is expected to drive a more agile, customer‑centric approach that could translate into higher market penetration and improved underwriting profitability across Asia Pacific.
Source: American International Group, Inc.
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