Peter Zaffino

Peter Zaffino (born 1967) 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. On 1 January 2020, Zaffino was promoted to president of AIG and continued as global COO. On 1 March 2021, he became AIG's CEO.

Prior to joining AIG, he was with Marsh & McLennan Companies (MMC)

Early life and education 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.

He received a BA in economics from Boston College, where he played collegiate soccer as a goalkeeper, 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. beginning at The Hartford.

Marsh & McLennan Companies Guy Carpenter From GE Capital Services, at Guy Carpenter, including head of global specialty practices; and also worked to improve sales culture and integration within the company. had appointed Zaffino as a member of its executive committee in 2008. such as a mobile platform. In 2008 Marsh had launched Marsh & McLennan Agency, and Zaffino continued to expand it via acquisitions.

In early 2015 Marsh & McLennan Companies named him chairman of MMC's Risk & Insurance Services segment,

AIG president and global COO Zaffino was appointed executive vice president and global chief operating officer of AIG effective August 2017. This entailed leading the day-to-day business of all country operations, including U.S. commercial field operations and AIG's multinational organization, Zaffino was also appointed to AIG's executive leadership team Duperreault appointed Zaffino as CEO of General Insurance, In January 2020, Zaffino assumed the additional title of president of AIG. Zaffino retained his position as global COO. He also continued to lead the firm's General Insurance unit as CEO until August 2020, and then transitioned to focus more on enterprise-wide leadership responsibilities in his role as president and global COO.

AIG Chairman and CEO On March 1, 2021, Zaffino succeeded Duperreault as AIG's CEO, with Duperreault becoming executive chairman of the board. In September 2021, he was appointed to lead the AIG board and succeeded Duperreault as chairman on January 1, 2022. as well as with steering the company through historic insured losses from natural disasters, including Hurricane Ian’s $450 million cost to AIG, and unique challenges resulting from the invasion of Ukraine. That November, he agreed to a further five-year term as AIG president, CEO and board chair.

Zaffino has been a strong advocate for the use of GenAI adoption at AIG and led the company to a 15 percentage-point increase in underwriting data collection and accuracy in 2025. On March 31, 2025, AIG hosted Investor Day. Zaffino was joined by Anthropic Co-founder and CEO Dario Amodei and Palantir Technologies Co-founder and CEO Alex Karp in a discussion moderated by CNBC Anchor Sara Eisen about how generative AI is changing the future of insurance. The panel focused on the potential impact of GenAI in AIG's business regarding underwriting and claims.

Board memberships Zaffino is the chairman of the board of AIG He was appointed to the board of the New York Police and Fire Widows' and Children's Benefit Fund in 2013 and, in 2015, was an honoree at its annual gala.

Personal life Zaffino and his wife Kirsten have three children.