AIG Will Appoint New Risk and Actuarial Leads
The insurer will install a new chief risk officer and global chief actuary as it prepares for a leadership transition.
Updated on Oct. 11, 2026 in People
Effective October 12, 2026, Turab Hussain will become the executive vice president and chief risk officer for AIG, while Graham Fulcher will serve as the company's new global chief actuary. These appointments follow the planned retirement of Christopher Schaper, who served as chief risk officer starting in January 2025.
Why it matters
Leadership turnover in risk and actuarial roles is critical for operational stability, as these positions manage the underwriting standards and capital reserves that define an insurer's risk profile. Operators in regulated industries should monitor how these executive shifts influence company-wide risk appetite.
AIG is filling two critical leadership roles concurrently, as Turab Hussain and Graham Fulcher assume their new positions on October 12, 2026. These changes follow a 2025 leadership cycle where Christopher Schaper oversaw the firm's risk management.
The players
AIG
A multinational finance and insurance corporation that provides property-casualty, life insurance, and retirement solutions.
Turab Hussain
A long-time AIG executive who joined the firm in 2021 and previously served as the global chief actuary.
Graham Fulcher
The incoming global chief actuary who joined AIG in 2022 to lead international commercial insurance actuarial work.
Eric Andersen
The President and CEO of AIG responsible for the company's overall strategic direction and operational oversight.
Christopher Schaper
The outgoing chief risk officer who joined the firm in 2019 and began his most recent role in January 2025.
The details
Turab Hussain will oversee the risk function while reporting directly to President and CEO Eric Andersen. Graham Fulcher, currently based in London, will move into the global chief actuary role and report directly to Hussain. This structure maintains a direct reporting line between the firm's actuarial data and the executive risk management office.
Timeline
October 12, 2026: Turab Hussain and Graham Fulcher begin their new roles.
Year-end 2026: Christopher Schaper will formally retire from the company.
Market Landscape
This reorganization marks a departure from the 2025 leadership structure by consolidating the reporting relationship between the chief risk officer and the global chief actuary. The shift reflects a tighter integration of technical actuarial analysis into the firm's overarching risk management mandate.
Owners in the insurance and financial services sector should monitor the updated risk reporting lines at AIG to gauge potential shifts in underwriting or capital allocation strategies. These executive changes often signal a realignment of internal priorities that may influence partner and vendor engagement in the coming year.
The takeaway
Large-scale organizational success hinges on how effectively technical actuarial data is translated into executive-level risk policy. Review your internal reporting hierarchies to ensure the heads of your data-driven functions have a clear, direct path to decision-making authority.
Further reading
For more on industry leadership trends, visit People.
