AIG looks to boost international consumer business

|By:, SA News Editor

Looking to boost growth by selling insurance in emerging markets, AIG rehires Kevin Hogan from Zurich Insurance to run global consumer insurance. Hogan was previously at AIG from 1984 to 2008 and he replaces Jeffrey Hayman who left earlier this year to work at Hank Greenberg's Starr International.

Premium revenue from P&C's consumer operation grew just 1.4% last year, while commercial insurance declined 4.6%, and AIG is looking to rebuild outside the U.S. after selling off operations to in order to repay its bailout. The insurer still has hires to make for the commercial business after several top managers were poached earlier this year by Berkshire Hathaway.