AIG announced that CEO Peter Zaffino will transition to Executive Chair and retire as CEO by mid-year, with Eric Andersen joining as President and CEO Elect on February 16, 2026. Andersen, formerly of Aon plc, is slated to succeed Zaffino with a target annual compensation of $18 million. This succession plan is a material event for investors as it provides clarity on the company's future leadership and management continuity.
