Caroline Krass. Courtesy photo.

American International Group Inc. announced Tuesday that Caroline Krass will serve as its new senior vice president and general counsel, general insurance, and as AIG's deputy general counsel. Krass will begin her new role with the New York-based insurance company in March.

She is currently the chair of the national security practice group of Gibson, Dunn & Crutcher at the firm's Washington, D.C., office. Krass joined Gibson Dunn in May 2017. From 2014 to 2017, she served as general counsel of the CIA.

Krass' career in Washington also included more than two years as acting assistant attorney general and as principal deputy assistant attorney general at the U.S. Department of Justice's Office of Legal Counsel.

Under the Obama administration, she served two years as special counsel to the president for national security affairs and associate White House counsel, and two years as the deputy legal adviser to the White House's National Security Council. She was also a senior national security attorney under the George W. Bush administration.

“Caroline has a distinguished background in providing counsel on an extensive range of complex legal matters, both domestically and internationally,” said Peter Zaffino, AIG's chief executive officer, general insurance, in a statement Tuesday. “Her proven expertise in navigating some of the most challenging issues impacting global organizations 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 will report directly to Zaffino and Lucy Fato, who was named AIG's general counsel last year. 

As general counsel, general insurance, Krass will be responsible for the general insurance unit of AIG's global legal department. She'll also represent that unit as a member of its executive leadership team. Fato noted Krass' wide range of global experience will be key in her new role.

“I am excited to be joining Peter and Lucy and the rest of the dynamic leadership team that is being formed at AIG, particularly in general insurance,” Krass said. “Insurance plays a critical role across the globe helping to mitigate and respond to risk, and I look forward to building upon my experience to help position AIG for long-term success at this pivotal time.”

AIG did not immediately respond to request for further comment on the hire.

Outside of Gibson Dunn, Krass is also a member of the American Bar Association Standing Committee on Law and National Security and the advisory board of the Georgetown Law Cybersecurity Law Institute. A graduate of Yale Law School, Krass serves as an adviser to the U.S. Intelligence Community.