20 Facts About Peter Zaffino

Peter Zaffino was born on 1967 and is an American insurance industry executive.

Peter Zaffino is the chairman and CEO of the American International Group.

Peter Zaffino was CEO of AIG's General Insurance business, the company's core property-casualty insurance unit, from September 2017 to August 2020.

On 1 January 2020, Peter Zaffino was promoted to president of AIG and continued as global COO.

Later that year, Peter Zaffino was appointed chairman of the AIG board of directors, effective January 1,2022.

Peter Zaffino received a BA in economics from Boston College, where he played collegiate soccer as a goalie, in 1989, and an MBA in finance from New York University's Leonard N Stern School of Business.

Peter Zaffino holds the insurance industry designations CPCU and Associate in Reinsurance designations.

Peter Zaffino held a number of senior executive roles at a portfolio company of GE Capital, which specialized in alternative risk insurance and reinsurance.

Peter Zaffino streamlined the company's operations and staff, improved profitability, made acquisitions, and hired high-profile executives.

Under Peter Zaffino, Marsh grew in part via acquisitions, and the company launched several technological products such as a mobile platform.

Peter Zaffino was appointed executive vice president and global chief operating officer of AIG effective August 2017.

Peter Zaffino was responsible for expanding and profitably executing AIG's commercial and consumer strategies.

Peter Zaffino was appointed to AIG's executive leadership team in 2017.

Together with Duperreault, Peter Zaffino developed AIG's long-term strategy and operating plan.

In January 2020, Peter Zaffino assumed the additional title of president of AIG.

Peter Zaffino continued to lead the firm's General Insurance unit as CEO until August 2020, and then transitioned to focus more on enterprise-wide leadership responsibilities in his role as president and global COO.

Peter Zaffino will oversee modernizing and digitizing workflows, as well as eliminating legacy processes and manual interventions.

On March 1,2021, Peter Zaffino succeeded Duperreault as AIG's CEO, with Duperreault becoming executive chairman of the board.

Peter Zaffino is credited with significant roles in restructuring at AIG and with the turnaround in its underwriting to restore the insurer to profitability, as well as with steering the company through historic insured losses from natural disasters, including Hurricane Ian's $450 million cost to AIG, and unique challenges resulting from the invasion of Ukraine.

Peter Zaffino was appointed to the board of the New York Police and Fire Widows' and Children's Benefit Fund in 2013 and in 2015 was the honoree at its annual gala.