Peter Zaffino to Transition to Executive Chair of AIG’s Board of Directors by Mid-2026

About this update from American International Group, Inc. New

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":238,"url":"https://media.zenfs.com/en/business-wire.com/19938d120dca573dd352cc2bf240fa91"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tIjn81iBlfEh_81egBTJyQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/19938d120dca573dd352cc2bf240fa91","width":480,"height":238}},"lazy":false},{"type":"text","content":"Eric Andersen to Join AIG as President and CEO-Elect","length":52,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, January 06, 2026--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Chairman & CEO Peter Zaffino has informed the AIG Board of Directors that he intends to transition to Executive Chair of AIG and retire as CEO by mid-year after successfully leading the company’s transformation and strategic repositioning as a leading global property and casualty insurer.","length":406,"tagName":"p"},{"type":"text","content":"In alignment with the company’s comprehensive multi-year succession planning process, the Board conducted a search to identify a highly qualified leader to continue driving AIG’s performance over the long term. Following that process, insurance industry veteran Eric Andersen will be joining as President and CEO-elect of AIG, effective February 16, 2026. Mr. Andersen will report to Mr. Zaffino and is expected to assume the role of CEO and join the Board of Directors after June 1, 2026, following an orderly transition period.","length":529,"tagName":"p"},{"type":"text","content":"Mr. Zaffino said, "I am incredibly proud of our colleagues and the extraordinary progress we have delivered during my tenure to make AIG a top industry performer. With significant support from the AIG Board of Directors, we have returned AIG to vastly improved profitability, significantly strengthened our balance sheet, and built tremendous financial flexibility. These efforts have resulted in exceptional strategic, operational and financial performance, underpinned by our disciplined culture of underwriting excellence. From this position of strength, I am confident that now is the appropriate time to begin to transition leadership of the company. We could not have chosen a better pe...

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