About Peter Zaffino

Peter Zaffino is an American insurance industry executive. He is the chairman and CEO of the American International Group (AIG). Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer. He was CEO of AIG's General Insurance business, the company's core property-casualty insurance unit, from September 2017 to August 2020. On 1 January 2020, Zaffino was promoted to president of AIG and continued as global COO. On March 1, 2021, he became AIG's CEO. Later that year, Peter Zaffino was appointed chairman of the AIG board of directors, effective January 1, 2022. Prior to joining AIG, Peter Zaffino was with Marsh & McLennan Companies (MMC) for 16 years. With MMC he was president and CEO of Guy Carpenter from 2008–2011, CEO of Marsh from 2011–2017, and chairman of MMC's Risk & Insurance Services segment from 2015–2017. Zaffino was born in 1967; his father was Salvatore D. Zaffino, an insurance executive who was chairman of Guy Carpenter & Company from 1999 through 2007 and prior to that was CEO of the company. Peter Zaffino received a BA in economics from Boston College, where he played collegiate soccer, in 1989, and an MBA in finance from New York University's Leonard N. Stern School of Business. He holds the insurance industry designations CPCU and Associate in Reinsurance designations. Following university, Zaffino worked steadily in the insurance and reinsurance industry, beginning at The Hartford. He held a number of senior executives roles at a portfolio company of GE Capital, which specialized in alternative risk insurance and reinsurance. From GE Capital Services, in 2001 Peter Zaffino joined Guy Carpenter & Company, a global risk and reinsurance firm and a subsidiary of Marsh & McLennan Companies in New York City. From 2005 forward he successively held several senior positions at Guy Carpenter, including head of global specialty practices; managing director and eastern regional manager; and executive vice president and head of treaty operations in the United States. In February 2008 he became Guy Carpenter's president and CEO. Peter Zaffino streamlined the company's operations and staff, improved profitability, made acquisitions, and hired high-profile executives. In addition, Global Reinsurance says he improved Guy Carpenter's analytical tools for clients; overhauled operations in the United Kingdom and Europe; and also worked to improve sales culture and integration within the company.