Sid Sankaran of Oliver Wyman’s Toronto office joins AIG as chief risk officer

American International Group, Inc. (AIG) has announced Sid Sankaran will join AIG as senior vice president and chief risk officer.
Sankaran will succeed Robert Lewis, who last month announced he would retire from AIG following a smooth transition period.
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.
“Sid Sankaran comes to AIG with the broad-ranging risk management experience that an enterprise of this scope must have,” said Robert H. Benmosche, AIG president and CEO. “We are on our way to fulfilling our commitment to repay the government; now is the time to concentrate on re-establishing AIG as a world-class insurance organization.
“Risk management is crucial to that task, and Sid is well qualified to take on this important leadership role.”
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 holds a Bachelor of Mathematics degree in actuarial science from the University of Waterloo in Ontario, Canada. He completed actuarial examinations from the Society of Actuaries.