AIG announces new CEO to take over from Brian Duperreault

AIG will separate out life and general insurance, triggering shares to climb as high as 8% up yesterday. 

Life and retirement makes up 39% of AIG’s $39bn revenues, with general insurance comprising the rest. 

President Peter Zaffino, who succeeds 73-year-old current chief executive Brian Duperreault, will take charge in March.

Zaffino will be AIG’s seventh CEO since 2005.

The separation could take a couple of years, according to sources reported in Reuters. 

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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