AIG’s Schreiber Moves to M&A Role After Managing $200 Billion

American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to repay a U.S. bailout.

Schreiber, 49, will oversee mergers and acquisitions, global planning, divestitures and communications, the New York-based company said Wednesday in a statement. He’ll report to Chief Executive Officer Peter Hancock and share responsibility for investor relations with Chief Financial Officer David Herzog.