NEW YORK--(BUSINESS WIRE)--Jul. 5, 2017--
American International Group, Inc. (NYSE: AIG) announced today the
appointment of Peter Zaffino as Executive Vice President, Global Chief
Operating Officer effective August 1, 2017. Mr. Zaffino joins AIG after
serving as Chief Executive Officer of Marsh LLC – a leading global
insurance brokerage and risk management firm and subsidiary of Marsh &
McLennan Companies, Inc. (MMC) – and as Chairman of the Risk and
Insurance Services segment of MMC since 2015. He was also a member of
MMC’s Executive Committee since 2008.
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Peter Zaffino, Executive Vice President, Global Chief Operating Officer, AIG (Photo: Business Wire)
In his role at AIG, Mr. Zaffino will lead the day-to-day business of all
country operations, including U.S. Commercial field operations and AIG’s
Multinational organization, as well as Global Business Services,
Administration and Communications. Working closely with the CEO and
Executive Leadership Team, he will develop AIG’s long-term strategy and
operating plan, and be responsible for executing the Commercial and
Consumer strategies to achieve growth and profitability objectives.
Brian Duperreault, AIG's President and Chief Executive Officer, said:
“Peter is one of the most talented executives operating in the insurance
industry. AIG’s field operations will benefit from Peter’s experience
across all aspects of the business, most recently with one of the
world’s largest brokers. Adding his deep insurance knowledge and
expertise to the leadership team at AIG will accelerate our efforts to
build and expand on this great franchise.”
Mr. Zaffino said: “I worked closely with Brian during his tenure at MMC.
We are both driven to help our organizations achieve their greatest
potential. This comes with a dedication to operational excellence and
empowering those closest to our clients to create valuable risk
solutions for customers wherever they are in the world. I look forward
to joining the talented team at AIG and contributing to the success of
the company’s next chapter.”
Mr. Zaffino has over 25 years of experience in the insurance and
reinsurance industry. Prior to being named Marsh CEO in 2011, he was
President and CEO of Guy Carpenter & Company, LLC, a leading global risk
and reinsurance specialist and a subsidiary of MMC, having previously
held a number of senior roles at the firm. Prior to joining Guy
Carpenter in 2001, he held several senior positions, including serving
in an executive role with a GE Capital portfolio company. Mr. Zaffino
earned a BA in economics from Boston College and an MBA in finance from
New York University’s Leonard N. Stern School of Business.
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG’s control. It is
possible that actual results will differ, possibly materially, from the
anticipated results contemplated by these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, 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's core businesses
include Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability and
Financial Lines, and Property and Special Risks. Consumer Insurance
comprises four modules – Individual Retirement, Group Retirement, Life
Insurance and Personal Insurance. AIG common stock is listed on the New
York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance | LinkedIn: http://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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170705005947/en/
Source: American International Group, Inc.
American International Group, Inc.
Investors:
Liz Werner,
212-770-7074
elizabeth.werner@aig.com
or
Media:
Jennifer
Hendricks Sullivan, 212-770-3141
jennifer.sullivan@aig.com