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AIG turns to former CIA lawyer for global role | Insurance Business


American International Group (AIG) has appointed Caroline Krass as senior vice president and general counsel for general insurance and deputy general counsel for AIG. The appointment will be effective in March. Krass will report to Peter Zaffino, CEO of general insurance, and Lucy Fato, executive vice president and general counsel for AIG.

Krass previously served as general counsel for the Central Intelligence Agency and is currently a partner at Gibson, Dunn & Crutcher, a Washington, D.C., law firm. In her new role at AIG, she will oversee the company’s general insurance global legal department and serve as a member of that business unit’s executive leadership team.

“Caroline has a distinguished background in providing counsel on an extensive range of complex legal matters, both domestically and internationally,” Zaffino said. “Her proven expertise in navigating some of the most challenging issues impacting global organisations will be a tremendous asset as we execute on the strategic priorities of general insurance, position the company for future growth, and strive to better serve our clients.”

Krass is currently the chair of Dunn & Crutcher’s national security practice group. She was appointed general counsel for the CIA by President Barack Obama and served as the agency’s chief legal officer and principal legal advisor from 2014 to 2017. Prior to that, Krass served as acting assistant attorney general, and before that, principal deputy assistant attorney general in the Department of Justice’s Office of Legal Counsel. From 2009 to 2010, she served as special assistant to the president for National Security Affairs and deputy legal adviser to the National Security Council. She also served as a senior national security lawyer in the George W. Bush administration, and has worked as an advisor to the general counsel of the Treasury Department and as an attorney at the State Department. 

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