Eric Andersen to become AIG (NYSE: AIG) CEO as Peter Zaffino shifts to Executive Chair
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
American International Group, Inc. is completing a planned leadership transition. The Board has appointed Eric Andersen as President and Chief Executive Officer and a member of the Board, effective June 1, 2026. On that date, current Chairman and CEO Peter Zaffino will become Executive Chair of the Board.
Andersen, age 61, joined AIG in February 2026 as President and CEO‑Elect after senior leadership roles at Aon plc. The company emphasizes that there are no special arrangements or family relationships underlying Andersen’s or Zaffino’s appointments, and neither has an interest in related‑party transactions requiring disclosure. A press release with further detail is furnished as an exhibit.
Positive
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Negative
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Insights
AIG discloses an orderly, pre-planned CEO handoff with continuity at the Board level.
AIG outlines a structured transition where Eric Andersen becomes CEO on June 1, 2026 and Peter Zaffino moves to Executive Chair. This keeps prior leadership involved while elevating a successor who has already been serving as President and CEO‑Elect.
The filing notes no special arrangements or related‑party transactions tied to these appointments, which supports standard governance practices. Commentary from Andersen, Zaffino, and the Lead Independent Director highlights continuity with AIG’s existing strategic priorities, including those discussed at the 2025 Investor Day.
The transition will also be discussed on AIG’s first quarter 2026 earnings call on May 1, 2026, giving stakeholders an opportunity to hear directly from both leaders about how they plan to execute the company’s strategy post-handoff.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CEO effective date: June 1, 2026
Andersen age: 61 years
Earnings call date: May 1, 2026, 8:30 a.m. ET
3 metrics
CEO effective date
June 1, 2026
Date Eric Andersen becomes President and CEO
Andersen age
61 years
Age of incoming AIG President and CEO
Earnings call date
May 1, 2026, 8:30 a.m. ET
First quarter 2026 earnings call discussing transition
Key Terms
Executive Chair, leadership transition plan, Item 404(a) of Regulation S-K, surplus lines insurer, +1 more
5 terms
Executive Chair financial
"Peter Zaffino will assume the position of Executive Chair of the Board"
leadership transition plan financial
"marking the successful conclusion of the company’s previously announced leadership transition plan"
Item 404(a) of Regulation S-K regulatory
"any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K"
surplus lines insurer regulatory
"Certain property casualty coverages may be provided by a surplus lines insurer"
Investor Day financial
"strategic priorities the Company announced at our 2025 Investor Day"
A scheduled event where a company presents its business plan, financial outlook, and strategic priorities directly to investors and analysts; think of it as a detailed road‑map meeting where management explains how they plan to grow and make money. Investors pay attention because the presentations reveal management’s targets, assumptions and risks—new details that can change expectations about future profits and therefore the stock’s value, much like seeing a pilot’s flight plan helps predict where the plane is headed.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
Registrant’s telephone number, including area code: (212) 770-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 27, 2026, the Board of Directors (the “Board”) of American International Group, Inc. (the “Company”) appointed Eric Andersen as President and CEO of the Company and a member of the Board, effective June 1, 2026 (the “Effective Date”). Upon the Effective Date, Peter Zaffino, the Company’s current Chairman and CEO, will assume the position of Executive Chair of the Board.
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.
There are no arrangements or understandings between Mr. Andersen and any other person pursuant to which Mr. Andersen was selected to serve as President and CEO and a member of the Board, and there are no family relationships between Mr. Andersen and any other executive officer or director of the Company.
There are no arrangements or understandings between Mr. Zaffino and any other person pursuant to which Mr. Zaffino was selected to serve as Executive Chair of the Board, and there are no family relationships between Mr. Zaffino and any other executive officer or director of the Company.
Neither Mr. Andersen nor Mr. Zaffino has any direct or indirect interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Andersen’s compensation as President and CEO and Mr. Zaffino’s compensation as Executive Chair were previously disclosed in a Form 8-K filed by the Company on January 6, 2026.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. | |||||||
99.1 | Press release of American International Group, Inc., dated April 27, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
99.1 | Press release of American International Group, Inc., dated April 27, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN INTERNATIONAL GROUP, INC. (Registrant) | |||||||||||
| Date: April 27, 2026 | By: | /s/ Christina Banthin | |||||||||
| Name: | Christina Banthin | ||||||||||
| Title: | Senior Vice President and Corporate Secretary | ||||||||||
| Press Release | Contacts: | ||||
| www.aig.com | Andrew Johnson (AIG Media): andrew.r.johnson@aig.com | ||||
Quentin McMillan (AIG Investors): quentin.mcmillan@aig.com | |||||
AIG Completes Its Planned CEO Transition Plan
Eric Andersen to Become Chief Executive Officer of AIG and join the
Board of Directors on June 1st
Peter Zaffino To Become Executive Chair of the AIG Board of Directors
NEW YORK – April 27, 2026 – The AIG Board of Directors announced today that effective June 1, 2026, Eric Andersen will become President and Chief Executive Officer of AIG and join the AIG Board of Directors and Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company’s previously announced leadership transition plan.
“I want to express my appreciation and gratitude to Peter Zaffino for his tremendous leadership, tireless commitment and contributions in transforming AIG and restoring the Company to its market leadership position,” said Mr. Andersen. “I am honored to serve as AIG’s next Chief Executive Officer and want to thank Peter and the AIG Board of Directors for the opportunity to lead this iconic company. Since joining AIG in February as President and CEO-Elect, I have had the opportunity to engage with our valued clients and stakeholders around the world. These conversations have further reinforced my excitement in working alongside our talented colleagues to build on AIG’s strong momentum and deliver on the strategic priorities the Company announced at our 2025 Investor Day.”
Mr. Zaffino, Chairman and CEO, AIG, said, “Serving as Chairman and CEO of AIG has been an immense privilege, and I am very proud of the many milestones we achieved as a company during that period. I am incredibly grateful for the dedication and teamwork of our world-class colleagues, whose deep technical expertise, ingenuity and commitment to excellence have positioned AIG as an industry leader recognized globally for its strategic, financial and operational strength. These accomplishments would not have been possible without the tremendous partnership and support of the AIG Board of Directors, to whom I want to again express my gratitude. In my new role as Executive Chair, I look forward to continuing to work with the AIG Board of Directors and Eric to advance AIG’s strategy in the future.”
Mr. Zaffino continued, “I want to congratulate Eric as he becomes CEO of AIG on June 1st. I am very confident that Eric’s extensive insurance expertise, significant industry relationships and strong focus on growth will serve AIG exceptionally well as the Company continues to execute against its strategic priorities.”
John Rice, Lead Independent Director, AIG Board of Directors, added, “On behalf of the AIG Board of Directors, I want to express my deepest appreciation to Peter Zaffino for his extraordinary leadership of AIG. During Peter’s tenure, AIG completed an unprecedented transformation and is now recognized once again as a leading global company with tremendous
momentum and future opportunities. Since joining AIG In February, Eric has immersed himself in the Company’s business and operations, and he is well prepared to assume the role of CEO. The Board and I look forward to continuing to work with Peter in his role as Executive Chair and partnering with Eric in his new role as CEO as he leads AIG into a new era of growth and innovation.”
Mr. Zaffino and Mr. Andersen will provide further commentary on the CEO transition during AIG’s first quarter 2026 earnings conference call this Friday, May 1, 2026, at 8:30 a.m. ET. The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com. A replay will be available after the call at the same location.
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About AIG
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
FAQ
What leadership change did AIG (AIG) announce in this 8-K?
AIG announced that Eric Andersen will become President and Chief Executive Officer and join the Board on June 1, 2026, while current Chairman and CEO Peter Zaffino will move into the role of Executive Chair of the Board.
When will Eric Andersen become CEO of AIG (AIG)?
Eric Andersen will assume the role of President and Chief Executive Officer of AIG on June 1, 2026. On the same effective date, he will also join the AIG Board of Directors, completing the company’s previously announced leadership transition plan.
What role will Peter Zaffino have at AIG (AIG) after June 1, 2026?
Effective June 1, 2026, Peter Zaffino will become Executive Chair of the AIG Board of Directors. He will step down from his current combined role as Chairman and Chief Executive Officer but remain closely involved in guiding the company’s strategy alongside the Board.
What is Eric Andersen’s background before becoming AIG (AIG) CEO?
Before joining AIG, Eric Andersen served as President of Aon plc from 2020 to 2025 and then as Senior Advisor to Aon’s CEO from 2025 to 2026. He became AIG’s President and CEO‑Elect in February 2026 as part of the transition plan.
Will AIG (AIG) discuss the CEO transition on an earnings call?
Yes. AIG states that Peter Zaffino and Eric Andersen will provide additional commentary on the CEO transition during AIG’s first quarter 2026 earnings conference call, scheduled for May 1, 2026 at 8:30 a.m. ET, accessible via the Investors section of aig.com.