American International Group has signed an experienced executive to help it navigate the state, national and international regulations. AIG announced the appointment of Thomas Leonardi as executive vice president of government affairs, public policy and communications.
Leonardi has a background as a regulator and government adviser. He was the head of the Connecticut Insurance Department, a regulatory agency with statewide jurisdiction over one of the largest insurance industries in the United States. He also was selected as a member of the U.S. Treasury’s inaugural Federal Advisory Committee on Insurance. He was appointed to serve on the World Economic Forum’s Global Council on Insurance and Asset Management. Prior to these experiences, Leonardi was founder, chairman and CEO of Connecticut-based Northington Partners Inc., an NASD broker dealer, venture capital, private equity and investment banking boutique that specialized in the insurance industry.
“I served alongside Tom on the Board of the Federal Advisory Committee on Insurance, and I know him to be both an excellent businessman and accomplished entrepreneur,” Brian Duperreault, AIG’s CEO, told BusinessWire. “His knowledge of the insurance industry and the regulatory environment gained during his time in the private and public sectors will be an asset to AIG as we position the company for future growth.”
“I look forward to joining the exceptional team at AIG … I understand where the company has been and, more importantly, the potential for its future,” said Leonardi. “I’m encouraged by the changes that Brian has already put in motion so early in his tenure, and I look forward to being part of AIG’s next chapter as a leader in the industry.”
AIG provides a wide range of property casualty insurance, life insurance, retirement products, and other financial services to customers in more than 80 countries and jurisdictions, hence the importance of Leonardi’s new role.
Last week U.S. Global Investors Inc. increased its holdings in shares of
AIG by 101.8 percent in the second quarter, up to 7,265 from 3,665 shares, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Now U.S. Global Investors Inc. shares are valued at $454,000.