AIG names former Aon executive Eric Andersen as CEO

American International Group (AIG) has finalised its planned enactment change, with Eric Andersen becoming president and CEO and joining the committee connected 1 June 2026.

He succeeds Peter Zaffino, who has moved into the relation of enforcement chair.

AIG’s committee outlined the succession program successful January this year.

Andersen was past formally named president and CEO-elect and, during the modulation period, reported to Zaffino earlier taking up the apical post.

Andersen joins the insurer from Aon, wherever helium astir precocious served connected the enforcement committee arsenic an advisor to the president and CEO.

Over astir 30 years astatine Aon, helium held a bid of elder positions including president and CEO of Aon Benfield and CEO of Aon Risk Solutions Americas.

From 2020 to 2025, helium was liable for planetary programmes centred connected improving operational efficiency, strengthening show and expanding marketplace capitalisation.

Commenting connected his appointment, Andersen said: “I privation to explicit my appreciation and gratitude to Peter Zaffino for his tremendous leadership, tireless committedness and contributions successful transforming AIG and restoring the institution to its marketplace enactment position.

“I americium honoured to service arsenic AIG’s adjacent CEO and privation to convey Peter and the AIG Board of Directors for the accidental to pb this iconic company. Since joining AIG successful February arsenic president and CEO-elect, I person had the accidental to prosecute with our valued clients and stakeholders astir the world.”

Zaffino had led AIG since March 2021.

During his tenure, the institution reshaped its strategy done the merchantability of non-core operations, concern successful endowment improvement and upgrades to its exertion systems.

Both Zaffino and Andersen are owed to sermon the modulation during AIG’s first-quarter 2026 net league telephone connected 1 May 2026.

Zaffino added: “Serving arsenic president and CEO of AIG has been an immense privilege, and I americium precise arrogant of the galore milestones we achieved arsenic a institution during that period.

“I americium precise assured that Eric’s extended security expertise, important manufacture relationships and beardown absorption connected maturation volition service AIG exceptionally good arsenic the institution continues to execute against its strategical priorities.”

Earlier successful January, AIG besides named Adam Clifford arsenic CEO of planetary commercialized insurance, effectual from 5 January 2026.

In that role, Clifford is liable for underwriting, organisation and concern teams crossed the UK and Europe, Asia-Pacific, the Middle East and Africa, Japan and Latin America.

"AIG names erstwhile Aon enforcement Eric Andersen arsenic CEO" was primitively created and published by Life Insurance International, a GlobalData owned brand.