AIG Life has announced that Donald MacLean has been named managing director of its group protection business, replacing Lee Lovett, who is retiring after over 40 years in the industry.
Lovett was CSO of Ellipse between 2016 and 2018 before it was taken over by AIG Life in 2019. Prior to that he spent over eight years at Munich Re. He has been an influential figure in Group Risk Development’s steering committee.
MacLean is an existing member of the senior leadership team and board, reporting to Phil Willcock, chief executive officer, AIG Life.
MacLean has over 20 years’ experience in financial services, and has held several roles since joining the UK life insurance arm of Corebridge Financial, formerly AIG Life & Retirement, in 2016 as chief actuary.
“I am looking forward to leading our successful Group business with its track record of significant growth and consistent delivery for customers,” said MacLean. “We will build on our current strengths to ensure we continue to meet the evolving needs of employers and employees in ever-increasing numbers.”
Willcock says: “I’ve worked with Donald for several years and I’m very pleased to have him lead our group business.
“His strong commercial focus and strategic acumen are invaluable to the ambitious growth plans we have as a market-leading group risk provider, and in our drive to help employers care for their employees.”
“Lee is a well-respected leader in the group risk industry who played an instrumental role in the transition of Ellipse into AIG Life.
“After 43 years in financial services, Lee now passes the baton on a business with a solid foundation for the future. I’ve sought his counsel often and it’s been my great pleasure to work with Lee. On behalf of the team, I wish him all the very best for the future.”
