AAM Insurance Investment Management Names Dan Byrnes Chief Executive Officer

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AAM Insurance Investment Management Names Dan Byrnes Chief Executive Officer

2026-02-04 00:36 Last Updated At：13:17

CHICAGO--(BUSINESS WIRE)--Feb 3, 2026--

AAM Insurance Investment Management (AAM) announced today that Dan Byrnes, CFA, has been named Chief Executive Officer, effective April 4, 2026. Byrnes succeeds John Schaefer, CFA, who will transition to a Senior Advisor role as part of AAM’s long-term succession plan.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203385196/en/

Byrnes currently serves as President and Senior Portfolio Manager at AAM. As CEO, he will assume responsibility for the firm’s overall strategy, operations, and client relationships, while continuing to uphold AAM’s long-standing client-centric culture.

“Dan has been an integral part of AAM’s success for more than two decades,” said John Schaefer. “He brings a deep investment expertise, strong leadership, and a collaborative approach that reflects our firm’s values. Dan will do a great job as our leader and will continue our ethos that places our clients’ interests first."

Prior to joining AAM, Byrnes worked as an accountant at CNA Insurance. He is a CFA Charterholder and a member of the CFA Society of Chicago. Byrnes earned a BS in Finance from the University of Illinois at Urbana-Champaign and an MBA from the Booth School of Business at the University of Chicago.

“I am honored to assume the role of CEO,” said Byrnes. “I want to thank John for his leadership of the firm over the years. I look forward to working with my colleagues at AAM to ensure we are a trusted partner for our clients and to continue helping our clients achieve their objectives.”

About AAM Insurance Investment Management

AAM Insurance Investment Management (AAM) is an investment management firm specializing in serving the insurance industry since 1982. AAM partners with Property & Casualty, Life, Health, and Government Risk Pool clients to deliver tailored investment solutions designed to meet regulatory, risk, and return objectives. As of December, 31, 2025, the firm has $27.4 billion of assets under management (AUM) for 121 insurance clients and has been named to the Pensions & Investments magazine list of Best Places to Work in Money Management* for nine straight years.

*The ‘Best Places to Work in Money Management’ accolade does not represent a statement of any advisory client and does not describe any experience with or endorsement of AAM as an investment adviser by any such client.

After crash, Tiger Woods told deputy he was 'talking to the president,' body camera shows

After crashing his SUV last week in Florida, Tiger Woods took out his phone and told a deputy, “I was just talking to the president,” according to body camera footage released Thursday showing Woods' arrest on a DUI charge.

The phone conversation was not captured on video, but Woods could be heard saying, “Thank you so much,” as he hung up and the deputy approached. It wasn't clear if Woods was referring to President Donald Trump, whose former daughter-in-law, Vanessa Trump, is dating Woods.

Shortly after the golfer's March 27 arrest, Trump was asked about Woods and told reporters: “I feel so badly. He’s got some difficulty. Very close friend of mine. He’s an amazing person. Amazing man. But, some difficulty.”

The White House did not immediately respond to a request for comment on whether Trump spoke to Woods after the crash.

The footage also shows how Woods appeared to be astonished as he was handcuffed after failing a sobriety test and a video from the back of the patrol car shows the handcuffed golfer hiccupping, yawning and repeatedly appearing to nod off during the 15-minute ride.

Woods told authorities he was looking at his phone and changing the radio station when his speeding Land Rover clipped the back of a truck and rolled onto its side on a residential road on Jupiter Island. No one was injured.

“I looked down at my phone, and all of a sudden — boom,” Woods told an officer as he knelt on a lawn, prior to his arrest.

Body camera footage shows Martin County Sheriff’s Deputy Tatiana Levenar then conducting a roadside sobriety test and telling Woods: “I do believe your normal faculties are impaired, and you’re under an unknown substance, so at this time you’re under arrest for DUI."

“I’m being arrested?” Woods responded.

“Yes, sir,” Levenar said.

After handcuffing Woods, authorities searched his pockets and found two white pills.

“That’s a Norco,” Woods said after an officer pulled out the pills, referring to a painkiller that contains acetaminophen and the opioid hydrocodone. Authorities would later confirm that Woods was in possession of hydrocodone.

In the body camera footage, Woods told Levenar that he had not drunk any alcohol and that he had taken “a few” medications earlier in the day, though Woods’ words are muted in the released video as he describes some of the drugs.

At the sheriff’s office complex, after Woods was escorted into the “DUI room” where drivers are tested for being under the influence, Woods said, “I’m not drunk. I’m on a prescription medication,” according to a supplemental sheriff’s office report released Thursday.

Woods, 50, pleaded not guilty on Tuesday to suspicion of driving under the influence. He posted a statement Tuesday night saying that he was stepping away indefinitely “to seek treatment and focus on my health.”

Woods agreed to a Breathalyzer test that showed no signs of alcohol, but he refused a urine test, authorities said. Under a change to Florida law last year, refusing an officer’s request to take a breath, blood or urine test became a misdemeanor, even for a first offense.

During the field sobriety test, deputies noticed Woods limping and that he had a compression sock over his right knee. Woods explained he had undergone seven back surgeries and over 20 surgeries on his right leg, and that his ankle seizes up while walking.

Woods, who was hiccupping during questioning, continuously moved his head during one of the sobriety tests and deputies had to tell him several times to keep his head straight, according to an arrest report.

“Based on my observations of Woods, how he performed the exercises and based on my training, knowledge, and experience, I believed that Woods normal faculties were impaired, and he was unable to safely operate the motor vehicle,” Levenar wrote.

Woods is the most influential figure in golf and has become as recognizable as any athlete in the world. The first person of Black heritage to win the Masters in 1997, he has captivated golf fans with records likely never to be broken.

His injuries have kept him from accomplishing more, including from a 2021 Los Angeles car crash that damaged his right leg so badly he said doctors considered amputation. He has not played an official event since the 2024 British Open. He was recovering from a seventh back surgery in October and was trying to return at the Masters, where he is a five-time champion.

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Associated Press writer Mike Schneider in Orlando, Florida, contributed to this report.