The board of directors of global insurance company American International Group (AIG) has confirmed that Eric Andersen will serve as AIG’s president and chief executive officer (CEO) and join the company’s board of directors on June 1, 2026.
It was revealed in January that Peter Zaffino would take over as executive chairman of AIG’s board, with Andersen, formerly of brokerage giant Aon, tapped to take over at the helm of the global insurer.
Today, AIG confirmed that the company’s leadership transition program has been successfully concluded.
“I would like to express my appreciation and gratitude to Peter Zaffino for his exceptional leadership, tireless commitment and contributions in transforming AIG and restoring the company’s market leadership,” said Andersen. “I am honored to serve as AIG’s next CEO and thank Peter Zaffino and the AIG Board of Directors for the opportunity to lead this iconic company.”
“Since joining AIG in February as President and Chief Executive Officer-designate, I have had the opportunity to interact with valued customers and stakeholders around the world. These conversations further enhance my excitement to work with talented colleagues to build on AIG’s strong momentum and deliver on the strategic priorities announced at the Company’s 2025 Investor Day.”
“Serving as Chairman and CEO of AIG has been a tremendous honor, and I am extremely proud of the many milestones our company has achieved during this period,” said Zaffino. “I am deeply grateful for the dedication and teamwork of our world-class colleagues, whose deep technical expertise, ingenuity and commitment to excellence have made AIG a globally recognized industry leader for its strategic, financial and operational strength.”
He continued: “These achievements would not have been possible without the strong cooperation and support of the AIG Board of Directors, and I would like to express my gratitude to them again. In my new role as Executive Chairman, I look forward to continuing to work with the AIG Board of Directors and Eric to advance AIG’s strategy for the future.”
“I would like to congratulate Eric on his assumption of the role of CEO of AIG on June 1. I am very confident that Eric’s deep insurance expertise, significant industry relationships and strong focus on growth will serve AIG well as the company continues to execute on its strategic priorities.”
John Rice, lead independent director of the AIG Board of Directors, added: “On behalf of the AIG Board of Directors, I would like to express our deepest gratitude to Peter Zaffino for his outstanding leadership of AIG. During Peter’s tenure, AIG has completed an unprecedented transformation and is now once again recognized as a leading global company with tremendous momentum and future opportunities.”
“Eric has been fully immersed in the company’s business and operations since joining AIG in February, and he is well prepared to serve as CEO. The Board and I look forward to continuing to work with Peter as Executive Chairman, and with Eric as CEO, to lead AIG into a new era of growth and innovation.”