AIG mourns the passing of former board member

AIG mourns the passing of former board member | Insurance Business America

Insurance News

AIG mourns the passing of former board member

Industry veteran served with AIG, Chubb and CNA Financial

Insurance News

By
Miko Pagaduan

The board of American International Group, Inc. (AIG) has extended its deepest condolences to the family of Thomas F. Motamed who passed away recently. Motamed served as a director on the AIG board from January 2019 to January 2023.

“I am deeply saddened by Tom Motamed’s recent passing. He served on the AIG board of directors since January 2019 and was a steady presence during a critical part of AIG’s turnaround and transformation,” said Peter Zaffino, chairman & chief executive officer.

“Over the course of his distinguished career at The Chubb Corporation and CNA Financial, Tom made a lasting impression on the insurance industry through his dedication to the agents, brokers, clients, and other partners who benefitted from his insights, expertise, and judgment.”

A distinguished career in the insurance industry

Motamed was the chairman and chief executive officer of CNA Financial Corporation from 2009 to 2016. He chaired the executive committee responsible for strategy, results, and oversight of all business units of CNA Financial Corporation.

He also spent over 30 years at The Chubb Corporation, where he rose to the position of vice chairman and chief operating officer.

During his tenure at Chubb, Motamed held various claims management positions, including managing attorney in-house counsel, litigation manager, and national claim audit manager.

Subsequently, he served in the company’s field organization, including the marketing manager, branch manager, and Western Zone officer.

Motamed made significant contributions to the insurance industry through his expertise, leadership, and service on various boards of directors.

He was a member of the Insurance Information Institute board of directors; a member and past chairman of the Adelphi University board of trustees; a member of the Verisk Analytics board of directors; a member of The Institute board of trustees; and a member of the World Business Chicago board of directors.