The former group chief financial officer at Novae Group has joined American International Group as head of reinsurance, operations and transformation, general insurance.

Charles Fry has also served as chief operating officer of Guy Carpenter among his past positions.

At AIG, Mr Fry will report to Peter Zaffino, chief executive officer, general insurance.

Mr Zaffino said: “Having worked with Charlie in the past, I am confident he brings a valued skill set to these important responsibilities. Charlie has a proven track record of running complex operations, change management projects and profit improvement in the insurance and reinsurance industry.”

Mr Fry, who will be part of the General Insurance Executive Leadership Team, said: “I feel privileged to be joining AIG at such an exciting time and look forward to working alongside a group of talented colleagues and contributing to the profitable growth of the business.”