Form 8-K · Current Report · Filed 2026-09-02
AIG Announces Leadership Transition with Zaffino Stepping Down as Executive Chair
American International Group, Inc. (AIG) announced on September 1, 2026, that Peter Zaffino will step down as Executive Chair and a member of the Board, effective September 15, 2026. Zaffino will transition to a Senior Advisor role, and John Rice, the Lead Independent Director, will be elected as the new Chair of the AIG Board of Directors. The transition is part of a planned leadership change and does not result from any disagreements with the company. An amendment to Zaffino's Employment Agreement ensures no changes to his compensation.
- Filer
- American International Group Inc. AIG · NYSE
- Filed
- Accession
- 0000005272-26-000088
- CIK
- 0000005272
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$75.88
Next session
+1.3%
Since filing
+1.3%
Latest close
$76.86
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AIG reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, AIG insiders reported 4 Form 4 transactions — net selling of $18.3M.
About American International Group Inc.
American International Group Inc. is a prominent multinational finance and insurance corporation. Its primary function is to provide a wide array of insurance products and services to clients globally. These offerings include general property and casualty insurance, life insurance, retirement solutions, and other financial services. AIG plays a critical role in the financial market by offering risk management solutions and safeguarding assets for both individuals and businesses. Operating across numerous sectors such as commercial, financial institutions, and personal insurance markets, AIG holds a significant presence in the global insurance landscape. The company is known for tailored products designed to meet diverse customer needs, ranging from small businesses to major corporations. Its broad market reach and longstanding industry experience make it a key player in driving insurance innovation and providing financial security. Founded in 1919 and headquartered in New York City, AIG continues to influence the financial market through strategic leadership and adaptation to changing financial and regulatory environments, consistently working towards strengthening its market position through technological advancements and sustainable practices.
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