AIG has named Sid Sankaran as senior vice president, chief risk officer.
He succeeds Robert Lewis, who last month announced that he would retire from AIG. Sankaran’s direct reports will include the Chief Risk Officers of all AIG business units and the leadership of the Corporate Enterprise Risk Management functions.
Sankaran joins AIG from Oliver Wyman Financial Services, where he was a partner in the Finance and Risk practice and headed the firm’s Toronto office. He had served since 2006 as Canadian Market Manager and recently was a member of the Oliver Wyman Financial Services Global Management Committee, working for the past five years with financial services executives on risk management issues. He also conducted strategy and risk-focused studies of financial services companies, including insurers, banks, securities firms, and specialty finance companies in North America and Europe.
Earlier in his career, Sankaran served at Mercer Risk, Finance & Insurance consulting and at MMC Enterprise Risk, focusing on insurance company valuation and mergers and acquisitions.