AIG’s Appointment of Martha Gallo as CIO Reflects IT Investment Priority

The appointment reflects AIG’s recognition of the increased importance of investment as a tool to speed adoption of rapidly evolving technology.

(The former American International building at 70 Pine Street, New York. Photo by Clément Bardot.)

American International Group, Inc. (AIG, New York) announced today that it has named Martha Gallo Chief Information Officer. Gallo previously served as AIG’s Chief Auditor. The appointment reflects AIG’s recognition of the increased importance of investment as a tool to speed adoption of rapidly evolving technology, according to a company spokesperson.

Martha Gallo, CIO, AIG.

Martha Gallo, CIO, AIG.

“Martha is a highly experienced business leader, having held a number of senior roles leading technology teams prior to joining AIG,” comments Peter D. Hancock, President and CEO, AIG. “She has a proven track record of delivering measurable, sustainable results to drive business performance.” said Peter D. Hancock, President and Chief Executive Officer.

“Technology investment and implementation remains a key priority as we focus on bringing new innovations to our clients to help them face their most pressing challenges,” Hancock adds.

In an internal memo sent to AIG employees yesterday, Hancock affirmed AIG’s deep commitment to investing in the company’s technology platforms and to what he characterized as “great work” being done by AIG’s global technology organization. “We will continue to move forward with a sense of urgency,” he said.

Peter D. Hancock, President and CEO, AIG.

Peter D. Hancock, President and CEO, AIG.

“Technology is a vital piece of delivering AIG’s full capabilities and is an area that I am particularly passionate about,” Hancock continued. “Technology changes the way we can meet the needs of our customers in the face of an extraordinary pace of change, and it is a key driver to achieving our vision of being our clients’ most valued insurer around the world.”

Appreciation for Departing CIO Phil Fasano

Gallo succeeds Philip Fasano, who has left the company to pursue other opportunities, according to AIG. “Phil elevated our ambitions and approach to technology, as well as making significant improvements in AIG’s IT capabilities during his time with the company,” Hancock remarks. “He also helped bring together a highly talented technology team whose efforts have begun transforming the way we work, and have enabled our businesses to compete more effectively. I want to extend our sincere appreciation to Phil for his leadership and partnership.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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