AIG Benefit Solutions President & CEO Curt Olson leaves
1 July 2015
In late June 2015, GBV learned that AIG Benefit Solutions President and CEO Curt Olson was about to leave AIG.
Only a few weeks earlier, Olson had led AIG’s comeback in the global employee benefits market, five years after the sale of the “old” AIG network along with other ALICO assets to MetLife. In late April 2015, AIG acquired a majority stake in ING’s ING Employee Benefits – Global Network, renamed it to AIG Global Benefits Network (AIG GBN), and joined the pooling network as the new US partner after VOYA – previously ING USA – had left it due to a change in strategy. For more details, click here.
Coming almost immediately after these moves and with no successor named as of late August, this is a unexpected turn of events and its impact of AIG’s strategy in global employee benefits is unknown at this time. AIG was not available for comments.
Prior to AIG, Curt Olson had been with ING as CEO of ING Korea and as President of ING Employee Benefits USA, previously known as ReliaStar Life Insurance. ING Group recently changed the name of its insurance operations to NN – Nationale Nederlanden and is understood to be looking to sell some of these assets in order to focus on banking and asset management and to raise cash.