The first product's participating fund will invest in private credit, infrastructure and real estate, as rivals seek to build multi-jurisdiction platforms for wealthy Asian families.
The appointment marks Ishida's return to AIG after more than a decade, following leadership roles at Everest Insurance, Zurich and other global insurers.
The resolution comes days after Insurance Australia Group disclosed a similar settlement of Credit Suisse-related claims arising from the Greensill collapse.
Better underwriting in key segments and favourable reserve development have given the Indian export credit insurer strong technical earnings, though geopolitical risks remain.
