Peter Zaffino is a highly regarded individual in financial services, including the insurance and reinsurance industry. Throughout his career, Peter has held numerous executive leadership positions at major insurance companies. He is best known for his current roles as Chairman and Chief Executive Officer of AIG, a global leader in commercial and personal insurance solutions.
Peter began his career at AIG in 2017. He joined the company as its Global Chief Operating Officer followed by President (2019) before assuming his role as Chief Executive Officer in 2021. Under his leadership, AIG has implemented significant changes to improve the underwriting and operations of the business. These changes have led to improved performance and profitability for the company.
Previously, Peter served as President & CEO of Marsh, an insurance broker and risk advisor. Before moving to Marsh, he was President & CEO of global risk and reinsurance specialist, Guy Carpenter, where he held additional executive roles since joining the firm in 2001. In addition, Peter served as Chairman of the Risk & Insurance...Peter Zaffino is a highly regarded individual in financial services, including the insurance and reinsurance industry. Throughout his career, Peter has held numerous executive leadership positions at major insurance companies. He is best known for his current roles as Chairman and Chief Executive Officer of AIG, a global leader in commercial and personal insurance solutions.
Peter began his career at AIG in 2017. He joined the company as its Global Chief Operating Officer followed by President (2019) before assuming his role as Chief Executive Officer in 2021. Under his leadership, AIG has implemented significant changes to improve the underwriting and operations of the business. These changes have led to improved performance and profitability for the company.
Previously, Peter served as President & CEO of Marsh, an insurance broker and risk advisor. Before moving to Marsh, he was President & CEO of global risk and reinsurance specialist, Guy Carpenter, where he held additional executive roles since joining the firm in 2001. In addition, Peter served as Chairman of the Risk & Insurance businesses (Marsh and Guy Carpenter) of Marsh McLennan from 2015 until joining AIG.
He began his executive career in the insurance and reinsurance industry at several market-leading firms, including a portfolio company of GE Capital specializing in alternative risk. He serves on the board of The Geneva Association, a global insurance industry think tank.
As an individual dedicated to charitable causes, Peter has spent much of his life working to improve the lives of others. He serves on the Boards of The Michael J. Fox Foundation for Parkinson’s Research and the New York Police and Fire Widows’ and Children’s Benefit Fund, an organization supporting the families of police officers, firefighters and EMS personnel killed in the line of duty.
Peter earned a B.A. in Economics from Boston College and an MBA in Finance from the Stern School of Business at
NYU.moreless
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks.
With offices in more than 130 countries, Marsh is the world’s leading insurance broker and risk advisor. It provides industry-focused brokerage, consulting and claims advocacy services, leveraging data, technology and analytics to help reduce its clients’ total cost of risk.
Guy Carpenter delivers a powerful combination of reinsurance broking expertise, capital solutions, strategic advisory services and industry-leading analytics. It is a global leader in risk transfer, new forms of capital, and actuarial science and analytics. Before being named President & CEO, Peter held additional executive roles when he joined the firm in 2001.
The Michael J. Fox Foundation for Parkinson's Research is committed to discovering a cure for Parkinson’s disease. The foundation focuses on researching treatments and therapies that uplift patients and is currently the largest research organization for Parkinson’s disease in the world.
The New York Police and Fire Widows’ and Children’s Benefit Fund is a charitable organization supporting the families of NYC police officers, firefighters, port authority police officers and EMS personnel killed in the line of duty.
As the think tank for the global insurance industry, The Geneva Association carries out rigorous research in collaboration with its members and their companies, academic institutions and multilateral organizations.
Marsh McLennan brings together experts from across its four global businesses — Marsh, Guy Carpenter, Mercer and Oliver Wyman — to help make organizations more successful and societies more resilient.
“I didn’t want any advice,” said AIG's President, Peter Zaffino, in this rare interview with Bloomberg. “I needed to see things for myself,” he added. “You just have to get underneath, business review after business review.”
Speaking about the importance of this relationship, Peter Zaffino said: “We prefer to balance our approach and have developed a strong underwriting culture...[and are] focused on preempting the evolving changes in the market, and using reinsurance strategically to mitigate unpredictable outcomes.”
Peter Zaffino said, "I am grateful to Dave for his leadership and significant contributions over the past five years, as we built out an industry-leading global team and underwriting culture."
Peter Zaffino said that AIG had not intended to sell Validus Re, but because of the volatility of the business and the fact it was not core to the insurance giant, a deal was struck with RenaissanceRe.
AIG’s Peter Zaffino joins R&A’s Martin Slumbers on the Golf Channel’s “Morning Drive” to discuss the newly renamed AIG Women’s Open and the extension of AIG’s title sponsorship with the R&A through 2025.
Peter Zaffino discusses many events and challenges, including armed conflict, terrorism, resource shortages, cyber attacks and more, that need to be met and resolved in the rapidly changing global landscape.
AIG announced that Peter Zaffino will participate in a fireside chat at the 2023 Keefe, Bruyette & Woods Insurance Conference on Wednesday, Sept. 6, 2023
