Peter S. Zaffino Appointed President of AIG
18 December 2019 - 11:15PM
Business Wire
Zaffino to Continue as Global Chief Operating
Officer of AIG and Chief Executive Officer of General Insurance
American International Group, Inc. (NYSE: AIG) today announced
that Peter S. Zaffino has been named President of AIG, effective
January 1, 2020. Mr. Zaffino will continue to serve as Global Chief
Operating Officer of AIG and Chief Executive Officer of General
Insurance.
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Peter S. Zaffino (Photo: Business
Wire)
Brian Duperreault, AIG’s Chief Executive Officer, said: “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. Additionally, Peter is overseeing AIG 200,
our multi-year, enterprise-wide transformation designed to position
AIG as a top performing company. I am confident that with Peter’s
continued leadership AIG will realize sustainable improvements that
will position us as a global market leader.”
Mr. Zaffino said: “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.”
Mr. Zaffino joined AIG as Executive Vice President – Global
Chief Operating Officer in July 2017 and assumed the additional
role of Chief Executive Officer of AIG’s General Insurance business
in November 2017. Mr. Zaffino joined AIG from Marsh & McLennan
Companies, Inc. (MMC) where he was serving as Chief Executive
Officer of Marsh LLC from 2011 to 2017 and as Chairman of the Risk
and Insurance Services segment of MMC from 2015 to 2017.
American International Group, Inc. (AIG) is a leading global
insurance organization. Building on 100 years of experience, today
AIG member companies provide a wide range of property casualty
insurance, life insurance, retirement products, and other financial
services to customers in more than 80 countries and jurisdictions.
These diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG common stock is listed on the
New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20191218005348/en/
Sabra Purtill (Investors): 212-770-7074; sabra.purtill@aig.com
Daniel O’Donnell (Media): 212-770-3141; daniel.odonnell@aig.com
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