American International Group names Peter Zaffino president
Zaffino will also continue to serve as global chief operating officer of AIG and CEO of general insurance.
American International Group Inc. (AIG) announced that Peter S. Zaffino has been named president of AIG, effective Jan. 1, 2020. He will continue to serve as global chief operating officer of AIG and CEO of general insurance.
“Today’s announcement recognizes the value that Peter has brought to AIG over the last couple of years. His strategic approach to our general insurance business, particularly with respect to the foundational changes we have made in the areas of underwriting and reinsurance, has been critical to the significant turnaround taking hold in that business,” AIG CEO Brian Duperreault said in a statement. “I am confident that with Peter’s continued leadership, AIG will realize sustainable improvements that will position us as a global market leader.”
Zaffino joined AIG as executive vice president – global chief operating officer in July 2017 and assumed the additional role of CEO of AIG’s general insurance business in November 2017. He joined AIG from Marsh & McLennan Companies (MMC) where he was serving as CEO of Marsh LLC from 2011 to 2017 and as chairman of the risk and insurance services segment of MMC from 2015 to 2017.
“I am honored to take on the additional role of president of AIG and appreciate the confidence Brian and the AIG board of directors have in me. I look forward to continuing to work with our dedicated colleagues across the organization on our journey to become the leading insurance company in the world known for its strategic value, operational excellence and strong financial performance,” Zaffino said in a statement.
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