CEO Transition in Progress: In January 2026, AIG announced that Peter Zaffino will transition from CEO to Executive Chairman by mid-2026. Eric Andersen, formerly President of Aon, joined AIG as President and CEO-Elect on February 16, 2026, and is expected to assume the CEO role after June 1, 2026.
Peter Zaffino is the Chairman and Chief Executive Officer of American International Group, Inc. (AIG), one of the world’s largest insurance organizations. Zaffino has led AIG since March 2021, transforming the global insurer’s underwriting operations and restoring profitability after years of restructuring. A former CEO of both Guy Carpenter and Marsh, he was handpicked by predecessor Brian Duperreault to serve as AIG’s COO in 2017 and rose to the top job in three years. Under his leadership, AIG achieved three consecutive years of sub-92 combined ratios and returned billions to shareholders.
Read on to discover AIG CEO email address, Peter Zaffino net worth in 2026, salary and compensation, career history, wife & family, and more.
Quick Facts
| Peter Zaffino — Key Information | |
|---|---|
| Full Name | Peter S. Zaffino |
| Position | Chairman & Chief Executive Officer |
| Company | American International Group, Inc. (AIG) |
| Age | 58 (born 1967) |
| Nationality | American |
| Education | B.A. Economics, Boston College; MBA Finance, NYU Stern |
| Net Worth (2026) | ~$63 Million |
| Total Compensation (FY2024) | $24,638,373 |
| CEO Since | March 2021 |
| Headquarters | 1271 Avenue of the Americas, New York, NY |
| [email protected] | |
Career Highlights
- Transformed AIG’s underwriting: Achieved three consecutive years of sub-92 combined ratios in General Insurance, delivering nearly $2 billion in underwriting income in FY2024.
- Completed Corebridge deconsolidation: Successfully separated AIG’s life and retirement business into Corebridge Financial, simplifying the company’s structure.
- Massive capital return: Realized approximately $174.5 million in total pay during his CEO tenure while returning billions to shareholders through buybacks and dividends.
- Insurance industry veteran: Led three major insurance organizations — Guy Carpenter, Marsh Inc., and AIG — over a 30+ year career.
- Revenue growth: Grew General Insurance net premiums written to $23.9 billion in FY2024, up 6% year-over-year on a comparable basis.
Peter Zaffino Net Worth & Salary
Peter Zaffino’s net worth is estimated at approximately $63 million as of 2026, based on his AIG stock holdings of roughly 792,833 shares. His total compensation for FY2024 was $24.6 million, making him one of the highest-paid insurance CEOs in the United States. AIG disclosed that CEO pay was 300 times its median employee’s pay for the fiscal year ending 2024.
CEO Compensation Breakdown (FY2024)
| Component | Amount (USD) |
|---|---|
| Base Salary | $1,500,000 |
| Stock Awards | $10,359,302 |
| Option Awards | $3,499,989 |
| Non-Equity Incentive (Bonus) | $9,000,000 |
| Other Compensation | $258,645 |
| TOTAL | $24,638,373 |
Key Insight: Over 93.9% of Peter Zaffino’s compensation is performance-based (stock awards, options, and bonuses), with only 6.1% from base salary. His annual base salary is $1.5M with a target cash bonus of $4.5M and long-term incentive awards valued at $14M.
AIG Financial Summary
Under Peter Zaffino’s leadership, AIG has delivered strong underwriting results and completed the deconsolidation of its life and retirement business, Corebridge Financial. Here is AIG’s financial performance overview:
| Metric | FY2024 | FY2023 | YoY Change |
|---|---|---|---|
| Total Revenue | $27.3B | $27.9B | ▼ -2.5% |
| GI Net Premiums Written | $23.9B | $22.5B | ▲ +6.0% |
| Net Income | $2.2B | $3.6B | ▼ -39% |
| Adjusted After-Tax Income | $3.3B | $3.2B | ▲ +3.1% |
| GI Combined Ratio | 91.8% | — | Sub-92 (3rd year) |
| Market Cap (Mar 2026) | ~$43B | — | — |
| Employees | ~22,100 | ~22,200 | ▼ -0.5% |
AIG Competitors
AIG operates in the global property and casualty insurance, life insurance, and retirement services markets. Its primary competitors include:
- Chubb Limited — Largest publicly traded P&C insurer globally
- Berkshire Hathaway — Diversified conglomerate with major insurance operations
- Allianz SE — Germany-based global insurer and asset manager
- Zurich Insurance Group — Swiss multinational insurance company
- MetLife, Inc. — Global provider of insurance and financial services
- The Hartford Financial Services — Property, casualty, group benefits, and mutual funds
- Travelers Companies — Leading U.S. property casualty insurer
- Liberty Mutual Insurance — Diversified global insurer
How to Contact Peter Zaffino — AIG CEO Email
Below are the official contact details for AIG CEO Peter Zaffino:
| Contact Information | |
|---|---|
| Email Address | [email protected] |
| Corporate HQ | 1271 Avenue of the Americas, New York, NY 10020 |
| Peter Zaffino — Chairman & CEO at AIG | |
| General Inquiries | aig.com/contact-us |
| Investor Relations | aig.gcs-web.com |
Career & Education — Company, University, & College
Peter Zaffino’s career spans over three decades in the global insurance and reinsurance industry. Below is his complete career timeline:
Peter Zaffino Career Timeline
| Period | Role | Company |
|---|---|---|
| Late 1980s–1990s | Various roles | The Hartford, GE Capital |
| 2001–2008 | Senior leadership roles | Guy Carpenter & Company |
| 2008–2011 | President & CEO | Guy Carpenter & Company |
| 2011–2017 | CEO, Marsh Inc.; Chairman, MMC Risk & Insurance | Marsh & McLennan Companies |
| 2017–2020 | EVP & Global COO | AIG |
| 2020–2021 | President | AIG |
| 2021–Present | Chairman & CEO | AIG |
Education
| University | Degree / Program |
|---|---|
| Boston College | B.A. in Economics (Class of 1989) |
| NYU Leonard N. Stern School of Business | MBA in Finance |
Peter Zaffino Wiki — Age, Family, & More
Peter Zaffino (age 58) was born in 1967 in Greenwich, Connecticut. He is married to Kirsten Zaffino and the couple has three children. The family resides in the New York area. Zaffino comes from a prominent insurance family — his father, Salvatore D. Zaffino, served as Chairman of Guy Carpenter & Company from 1999 to 2007, making the Zaffinos one of the rare father-son duos to both reach the top of major global insurance firms.
Before entering the insurance industry, Zaffino was a competitive soccer goalkeeper at Boston College, where he played collegiate soccer throughout his time there. He maintains a relatively low public profile outside of business, preferring to let AIG’s results speak for themselves.
Notable Achievements
- Business Roundtable Member — Active participant in shaping U.S. business policy
- Conference Board Member — Serves on the board of this leading business membership organization
- Three-company CEO — One of few executives to lead three major insurance organizations (Guy Carpenter, Marsh, and AIG)
- AIG turnaround architect — Transformed AIG’s underwriting culture, delivering consistent profitability
- Five-year contract — Signed a five-year agreement with AIG reflecting the board’s confidence in his leadership
About AIG — American International Group
American International Group, Inc. (AIG) is a leading global insurance organization founded in 1919 by Cornelius Vander Starr in Shanghai, China. Today headquartered in New York City, AIG provides a broad range of property casualty insurance and other financial services to commercial, institutional, and individual customers in approximately 70 countries and jurisdictions.
AIG trades on the New York Stock Exchange under the ticker symbol AIG. Following the deconsolidation of Corebridge Financial (its former life and retirement segment), AIG now operates primarily through its General Insurance segment, which includes two business lines:
- North America Commercial — Property, casualty, financial lines, and specialty insurance
- International Commercial — Global commercial insurance across approximately 70 countries
AIG employs approximately 22,100 people worldwide and manages total assets of approximately $164.5 billion. The company has a market capitalization of approximately $43 billion as of March 2026.
Frequently Asked Questions (FAQ)
Is Peter Zaffino still CEO of AIG?
As of March 2026, Peter Zaffino remains Chairman and CEO of AIG. However, AIG announced in January 2026 that Zaffino will transition to Executive Chairman by mid-2026. Eric Andersen, formerly President of Aon, joined AIG as President and CEO-Elect on February 16, 2026, and is expected to assume the CEO role after June 1, 2026.
What is Peter Zaffino’s salary?
Peter Zaffino’s total compensation for FY2024 was $24,638,373, including a $1.5M base salary, $10.4M in stock awards, $3.5M in option awards, and $9M in performance-based bonus. Over 93% of his compensation is performance-based.
What is Peter Zaffino’s net worth?
Peter Zaffino’s net worth is estimated at approximately $63 million as of 2026, based on his direct holdings of roughly 792,833 AIG common shares plus other investments accumulated over his 30+ year career in insurance.
Where did Peter Zaffino go to college?
Zaffino earned a B.A. in Economics from Boston College in 1989, where he also played goalkeeper on the soccer team. He later earned an MBA in Finance from NYU Stern School of Business.
What did Peter Zaffino do before AIG?
Before joining AIG in 2017 as COO, Zaffino was CEO of Marsh Inc. (2011-2017) and President & CEO of Guy Carpenter (2008-2011), both subsidiaries of Marsh & McLennan Companies. He earlier held roles at The Hartford and GE Capital.
Who is replacing Peter Zaffino as AIG CEO?
Eric Andersen, formerly President of Aon, was named AIG’s President and CEO-Elect in January 2026. He joined AIG on February 16, 2026, and is expected to fully assume the CEO role after June 1, 2026. Zaffino will remain as Executive Chairman.
Article last updated: March 5, 2026
Disclaimer: All information presented in this article has been compiled from publicly available sources, including SEC filings, official company press releases, and reputable news outlets. This content is provided for informational purposes only and does not constitute financial or investment advice.