Summary
American International Group, Inc. (AIG) announced a significant leadership transition, effective June 1, 2026. Eric Andersen has been appointed as the new President and CEO and will also join the Board of Directors. Mr. Andersen, who joined AIG as President and CEO Elect in February 2026, brings extensive experience from his previous roles at Aon plc, including serving as its President. This appointment marks a pivotal moment for AIG as it brings in new leadership to guide its future strategic direction. In conjunction with Mr. Andersen's appointment, current Chairman and CEO Peter Zaffino will transition to the role of Executive Chair of the Board. This move suggests a strategic decision to leverage Mr. Zaffino's experience in a continued advisory and governance capacity while ushering in new operational leadership. Investors should note that compensation details for both executives were previously disclosed in an earlier filing, and there are no disclosed related-party transactions or arrangements affecting these appointments.
Key Highlights
- 1Eric Andersen appointed as President and CEO, effective June 1, 2026.
- 2Eric Andersen will also join the AIG Board of Directors.
- 3Peter Zaffino will transition from Chairman and CEO to Executive Chair of the Board.
- 4Mr. Andersen joined AIG as President and CEO Elect in February 2026.
- 5Mr. Andersen previously served as President of Aon plc (2020-2025) and Senior Advisor to Aon's CEO (2025-2026).
- 6No disclosed arrangements or understandings between Andersen/Zaffino and others regarding their appointments.
- 7No disclosed family relationships between new/departing officers and other executives/directors.
- 8Compensation for Mr. Andersen and Mr. Zaffino was previously disclosed in a January 6, 2026 8-K filing.