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Get filing alertsAIG appoints Eric Andersen as CEO effective June 1; Peter Zaffino moves to Executive Chair
Filed April 27, 2026 · Period ending April 27, 2026 · ~1 min read
Key Changes
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Eric Andersen, 61, appointed President and CEO effective June 1, 2026. Andersen joined AIG in February as CEO Elect after serving as President of Aon plc from 2020-2025.
Item 5.02 verify on EDGAR → -
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Current Chairman and CEO Peter Zaffino transitions to Executive Chair role on June 1, maintaining board oversight while Andersen assumes operational control.
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Andersen brings five years of leadership experience from Aon, a major insurance brokerage and risk management firm, providing relevant sector expertise for AIG's operations.
Item 5.02 verify on EDGAR →
Summary
AIG announced a planned CEO transition, with Eric Andersen taking over as President and CEO on June 1, 2026. The 61-year-old executive joined AIG in February as CEO Elect, coming from Aon where he served as President for five years. Current Chairman and CEO Peter Zaffino will move to Executive Chair, suggesting continuity rather than a complete departure from leadership.
For retail investors, this represents an orderly succession at one of the world's largest insurance companies. Andersen's background at Aon demonstrates deep insurance industry experience, which should ease concerns about operational disruption. The transition was telegraphed in February when Andersen joined as CEO Elect, giving markets time to digest the change.
Watch for Andersen's first earnings call and any strategic shifts he announces in his initial months. Also monitor whether Zaffino's Executive Chair role involves active oversight or is primarily ceremonial, as this will signal how much influence the prior leadership retains.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Mr. Andersen, age 61, joined the Company as President and CEO Elect in February 2026. Prior to joining the Company, Mr. Andersen served as Senior Advisor to the Chief Executive Officer of Aon plc from 2025 to 2026 and as President of Aon plc from 2020 to 2025.
The filing provides Andersen's professional background, showing he spent five years as President of Aon plc, a major insurance brokerage and risk management firm, before joining AIG. His experience in the insurance industry provides relevant sector expertise for leading AIG.
Event · Item 9.01 — Financial Statements and Exhibits
AIG filed an 8-K attaching a press release dated April 27, 2026; no material event details disclosed in the filing body.
Added in current filing · verify on EDGAR →
Press release of American International Group, Inc., dated April 27, 2026.
AIG attached a press release dated April 27, 2026 as Exhibit 99.1. The 8-K body does not describe the content of the press release, so the nature of the disclosed event is not evident from this filing alone. Investors would need to review Exhibit 99.1 to understand what was announced.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 18, 2026 · How we verify