Peter Zaffino News

AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul

AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business. He also announced that AIG will be investing in operational improvements with a …

AIG Finalizes Acquisition of Program Manager Glatfelter Insurance

American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition its General Insurance business and return to profitability. …

AIG Executives Outline Path to Underwriting Profit in 2019

“We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president …

AIG Names MetLife’s Townsend as CEO, International General Insurance

American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In this newly created role, Townsend will lead the international operations of AIG’s General Insurance business, with responsibility for executing its …

AIG Restructures Again; Commercial Lines CEO Schimek to Leave

American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The company will no longer have Commercial and Consumer segments. Instead, General Insurance and Life & …

Doyle Named to Succeed Departing Zaffino as CEO of Marsh

Marsh & McLennan Companies Inc. has appointed John Doyle as chief executive officer of its broker Marsh, effective immediately. Doyle will report to Marsh & McLennan Companies President and CEO Dan Glaser and continue to serve on the company’s Executive …

Marsh CEO Zaffino Joins AIG as Global Chief Operating Officer

Brian Duperreault, the new CEO of American International Group (AIG), has tapped Peter Zaffino, a former colleague at insurance broker Marsh, to be executive vice president, global chief operating officer at AIG. In his role at AIG, Zaffino will lead …

MMC’s Zaffino Adds Chairman Title; Willis Re’s Hearn to Join Guy Carpenter as CEO

Marsh & McLennan Companies Inc. announced that Peter Zaffino, president and CEO of Marsh, has been appointed chairman of the company’s Risk & Insurance Services segment, which includes Marsh and Guy Carpenter. Zaffino will continue to serve as president and …