The board of directors of global insurance company American International Group (AIG) has elected Thomas (Tom) Stoddard as an independent director, effective June 1, 2026.
Stoddard has more than 35 years of senior leadership experience in financial services including insurance, asset management and investment banking. He served as vice chairman of global investment banking at Bank of America and currently serves on the board of directors of Prudential Financial Group.
Prior to this, Stoddard served as Group Chief Financial Officer (CFO) of Aviva plc, a British multinational insurance company. He subsequently served as Group Chief Financial Officer of Athora Ltd., a European life insurance company founded by Apollo Global Management.
In the past, Stoddard has worked on trading and financing transactions at companies such as Blackstone, where he served as senior managing director and head of the Global Financial Institutions Group and provided advisory services to global financial institutions such as AIG.
Earlier in his career, Stoddard co-founded and served as managing partner of private equity investment and advisory firm Barrett Ellman Stoddard Capital Partners and spent more than a decade in investment banking covering financial institutions such as UBS, Credit Suisse and Donaldson, Lufkin & Jenrette. He began his career as a corporate attorney at the law firm of Cravath, Swaine & Moore.
Peter Zaffino, AIG Chairman and Chief Executive Officer, commented: “Tom’s deep expertise in property and casualty insurance and capital markets, combined with his long-term knowledge of AIG, will be a very strong asset to our Board of Directors as we continue to execute on AIG’s strategic priorities and build on AIG’s long-term momentum.”
John Rice, AIG’s lead independent director, added: “Tom is an accomplished financial executive whose extensive background in the financial services and global insurance industries makes him an excellent addition to AIG’s Board of Directors.
“We look forward to leveraging his deep expertise in corporate governance and across finance to support AIG’s focus on delivering sustainable long-term value to shareholders.”
“Having worked closely with AIG in the past, I am honored to join the AIG Board of Directors and eager to contribute to the company’s continued success,” said Stoddard.
“The impressive work has led to AIG’s incredible transformation and positioned the company as a global market leader with an outstanding track record, a compelling vision for the future that I look forward to supporting.”
