Former AIG Executive Faces Sexual Assault Charges Stemming from Incident at Stowe's Spruce Peak Resort
The charges include three counts of sexual assault and one count of lewd and lascivious conduct, felonies under Vermont law that carry the potential for life imprisonment if convicted.
Stowe, VT – July 15, 2025 – Insurance Insider has reported that a former high-ranking executive from insurance giant American International Group (AIG) is facing serious criminal charges following an alleged incident at The Lodge at Spruce Peak, a luxury resort in Vermont's Green Mountains.
David McElroy, 66, of West Simsbury, Connecticut, who previously served as chairman of general insurance at AIG, has been accused of sexually assaulting a woman during what court documents describe as a work-related event at the resort. The charges include three counts of sexual assault and one count of lewd and lascivious conduct, felonies under Vermont law that carry the potential for life imprisonment if convicted, along with fines of up to $25,000 per sexual assault count and $300 for the lewd conduct charge.
McElroy pleaded not guilty at his arraignment in Lamoille County Superior Court earlier this year, with proceedings ongoing but no trial date publicly announced as of now.
Court filings indicate the alleged victim was an employee of a "trading partner" – a term in the insurance industry referring to a business entity that engages in commercial transactions with an insurer like AIG, such as brokers, reinsurers, or firms involved in exchanging insurance policies, risks, or other financial dealings.
These partnerships often involve professional networking at conferences or retreats, which appears to have been the context here. Details about the specific company or the exact date of the alleged assault have not been disclosed publicly, likely to safeguard the accuser's privacy amid the legal process.McElroy's attorney, Kirby Black, issued a statement denying the allegations: “David McElroy categorically denies the charges. He is a good man with an impeccable reputation in the insurance industry.”
AIG has not released any public comments on the matter, and representatives from Spruce Peak have also declined to respond.
McElroy's tenure at AIG, where he oversaw global operations in property, casualty, and specialty insurance, ended prior to the charges being filed, though the company has not linked his departure to the case.
The Lodge at Spruce Peak, part of the Stowe Mountain Resort, is a key economic driver for the area, attracting tourists and corporate groups year-round for skiing, outdoor activities, and events.
While no local reactions specific to this incident have been reported in media coverage, cases like this can raise broader concerns about safety at hospitality venues and the handling of misconduct allegations in professional settings. Vermont's tourism industry, vital to communities like Stowe, emphasizes guest security, but such accusations highlight potential vulnerabilities during off-site business gatherings.
Advocacy groups in Vermont, such as the Vermont Network Against Domestic and Sexual Violence, routinely address issues of sexual assault and power imbalances, though no statements tied to this particular case have surfaced. The organization provides resources for survivors statewide, underscoring the need for accountability in all environments, including corporate ones.Residents and visitors can monitor developments through Lamoille County Superior Court updates or local authorities. For support related to sexual assault, contact the Vermont Center for Crime Victim Services at 1-800-750-1213.