AIG Appoints Alejandro Muñiz to Lead EMEA Construction Expansion

April 17, 2026: American International Group has expanded its Energy and Construction business in the Europe, Middle East and Africa (EMEA) region with the appointment of a new regional head, reinforcing its strategy to scale operations and deepen underwriting capabilities in a key global market.

The insurer named Alejandro Muñiz Velázquez as Head of Construction for EMEA, tasking him with driving growth, strengthening client relationships, and enhancing underwriting performance across the region’s construction segment.

Leadership Appointment to Drive Regional Expansion

The appointment comes as AIG continues to build out its Energy and Construction platform, a core segment within its Global Specialty business. Muñiz Velázquez brings extensive industry experience and is expected to play a central role in expanding AIG’s construction insurance footprint across EMEA markets.

His mandate includes overseeing underwriting strategy, managing client portfolios, and supporting the delivery of tailored insurance solutions to large-scale infrastructure and energy projects. The role is critical as insurers respond to rising demand for coverage linked to global construction and energy investments.

The company indicated that the leadership addition is part of a broader effort to strengthen its regional capabilities and align operations with evolving client needs in complex and capital-intensive sectors.

Team Expansion Strengthens Underwriting Capabilities

Alongside the leadership appointment, AIG has added two new underwriting professionals to its construction team in the region. Gonzalo Camarero García has joined as Senior Underwriter, Construction, while Pepe Cabanillas González has been appointed as Underwriter, Construction.

The expanded team is expected to enhance AIG’s ability to assess risk, structure coverage, and support large infrastructure projects across multiple jurisdictions. The move reflects increasing demand for specialized underwriting expertise as construction projects grow in scale and complexity.

By strengthening its underwriting bench, AIG aims to improve responsiveness to client requirements while maintaining disciplined risk management practices in a competitive insurance environment.

Focus on Energy and Construction Segments

The Energy and Construction segment has become a strategic priority for global insurers, driven by rising infrastructure spending, energy transition investments, and large-scale development projects across EMEA.

AIG’s expansion in this segment aligns with broader industry trends, where insurers are positioning themselves to support projects ranging from renewable energy installations to transportation infrastructure and urban development.

The company’s focus on construction also reflects the need for comprehensive risk coverage solutions, including protection against project delays, cost overruns, and operational risks associated with complex builds.

Strengthening leadership and underwriting capacity allows AIG to better serve clients involved in these projects while capturing growth opportunities in a segment that remains closely tied to global economic activity.

Strategic Positioning in a Competitive Market

The EMEA region represents a significant market for construction and energy insurance, with ongoing investments in infrastructure, urbanization, and energy systems. Insurers are increasingly competing to provide specialized coverage and advisory services to clients operating in these sectors.

AIG’s latest appointments signal a continued commitment to maintaining a strong presence in the region by investing in talent and operational capabilities. The move is also aimed at supporting profitable growth initiatives within its Global Specialty division.

Andrew Kane, Global Head of Construction at AIG, highlighted the importance of the new leadership team in executing the company’s growth plans, emphasizing collaboration and a focus on delivering value to clients across the region.

The development underscores how global insurers are adapting their organizational structures to meet evolving market demands, particularly in sectors linked to infrastructure and energy development.

Ongoing Expansion Strategy

The leadership changes form part of AIG’s broader strategy to enhance its global specialty lines and strengthen its competitive positioning in key markets. By expanding its EMEA construction team, the company aims to capitalize on increasing demand for insurance solutions tied to large-scale projects.

The appointments also reflect a wider industry shift toward building specialized expertise in high-growth segments, enabling insurers to navigate complex risk environments while supporting clients’ long-term investment plans.

As infrastructure and energy projects continue to expand across EMEA, AIG’s strengthened leadership and underwriting capabilities position it to play a more prominent role in supporting these developments.