AIG has appointed Peter Zaffino as the company’s president. He will continue to serve as the business’s global chief operating officer and chief executive officer of general insurance.

Zaffino joined AIG in 2017 from Marsh and McLennan Companies where he served as chief executive officer of Marsh LLC from 2011 to 2017 and as chairman of MMC’s risk and insurance services division between 2015 and 2017. Before that, he held the role of president and chief executive officer of Guy Carpenter from 2008 to 2011.

“I look forward to continuing to work with our dedicated colleagues across the organisation,” he said.

AIG’s chief executive officer, Brian Duperreault stated that the announcement was recognition of Zaffino’s valuable contribution to the firm over the last couple of years.

“His strategic approach to our general insurance business, particularly with respect to the foundational changes we have made in the areas of underwriting and reinsurance, has been critical to the significant turnaround taking hold in that business,” he added. “Additionally, Zaffino is overseeing AIG 200, our multi-year, enterprise-wide transformation designed to position AIG as a top performing company.”

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