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Jagoda was one of the founding staff at Elementum.
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Retro specialist Richard Wheeler will head the unit, which will focus on sourcing third-party capacity.
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The broker has recruited a significant team to build out in the retro space.
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The change is an early sign that MMC’s raids on Willis are bearing fruit.
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The executive joins after 15 years at the Fairfax-owned carrier.
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The reshuffle at AIG is a new step towards the group president and COO succeeding Duperreault as CEO.
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The specialist ILS manager has also made a number of senior appointments.
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The former Aon Global and RFIB chair is the latest big name at the InsurTech.
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He replaces Oliver Horbelt who becomes CFO of Munich Re of America.
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The departures follow a review of the Credit Suisse-backed firm’s underwriting strategy which will see it focus on bigger lines across a smaller client set.
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Among other roles, the industry veteran will advise agriculture insurance start-up Agritask.
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Reinsurance chairman will take on the CEO role until a successor is announced