Aon’s Eric Andersen named AIG President and CEO as Peter Zaffino transitions to Executive Chair

Core Insights - Peter Zaffino, President and CEO of AIG, plans to transition to Executive Chair and retire as CEO by mid-2026, with Eric Andersen from Aon named as his successor [1][5] - Andersen has nearly 30 years of experience at Aon, holding various senior leadership roles, and is recognized for his strategic vision and ability to drive shareholder value [3][6] Leadership Transition - Andersen will join AIG as President and CEO-elect on February 16, 2026, and will report to Zaffino during the transition period [5] - Zaffino has successfully led AIG's transformation, achieving five consecutive years of underwriting profitability from 2021 to 2025 [7][10] Company Performance - Under Zaffino's leadership, AIG has returned over $19 billion in stock repurchases and dividends to shareholders, enhancing its capital base for sustainable growth [9] - AIG has built a strong culture of underwriting excellence and modernized its operations and technology infrastructure, including the implementation of GenAI [8][10] Future Outlook - Andersen expressed enthusiasm for the opportunity to lead AIG, emphasizing the company's strong foundation and strategic positioning for future growth [7] - Zaffino believes that Andersen is well-suited to lead AIG into its next chapter, focusing on long-term profitable growth and stakeholder value [11]