GC Influencers
Most Influential GCs - USA
Lucy Fato of AIG
Lucy Fato serves as general counsel to AIG, holding a portfolio which includes leadership over the company’s legal, compliance and regulatory affairs teams across the globe as well as its human resources function. She brings a wealth of diverse experience to bear for the company, having spent 14 years practicing in Davis Polk’s corporate group and holding senior in-house roles at Marsh & McLennan, S&P Global and Nardello & Co.
Her arrival in 2017 came as the insurance giant began to reassert its muscle following its USD180 billion government bailout during the financial crisis, with 2018 seeing the legal team advise on major acquisitions such as the USD5.56 billion purchase of Validus Holdings and its deal to acquire Glatfelter Insurance Group. Her role in building a legal team equipped to handle such complex mandates finds favor among legal insiders, who report: “She and her team are all experts in this area who have been recruited from top law firms and they’re smart, creative and collaborative lawyers.”
Fato also dedicates considerable time to philanthropic endeavors. She sits on the board of directors of Advocates for Children of New York, which works on behalf of children at risk of school-based discrimination, and on the board of Coalition for the Homeless. As one source puts it, “The professionalism she brings – not only with AIG, but also to the outside world, is much to her credit.”