American International Group, a global insurance company, this week announced the formation of a new Executive Leadership Team, designed to execute AIG’s strategic priorities. In addition, the company has named Alessa Quane as chief risk officer, in addition to her role as chief corporate actuary.

Quane will assume the CRO role from Sid Sankaran, who will become chief financial officer. She will then report to both Sankaran and to the board’s risk and capital committee.