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AI brief of an SEC Form 8-K · American International (AIG)

AIG CEO Peter Zaffino to become Executive Chair; Eric Andersen named CEO-elect

Neutral Impact 4 of 5 leadership Written later

AIG said Chairman and CEO Peter Zaffino plans to step down as CEO by mid-2026 and become Executive Chair, with Eric Andersen joining as President and CEO-elect on February 16, 2026. Andersen, formerly President of Aon plc, is expected to succeed Zaffino as CEO and join the Board after June 1, 2026. The filing also sets out new compensation terms for both executives, which matter to shareholders because they define the leadership transition and related pay.

Key points

  • Eric Andersen, age 60, joins as President and CEO-elect effective February 16, 2026, reporting to Zaffino
  • Andersen is expected to become CEO and join the Board after June 1, 2026
  • Andersen's initial annual target direct compensation is $14 million; as CEO it is expected to rise to $18 million
  • Zaffino's annual target direct compensation will fall from $25 million as CEO to $15 million as Executive Chair

The filing

CompanyAmerican International (AIG)
Form8-K, current report
Filed with the SECJan 6, 2026, 5:26 PM ET
Accession number0000005272-26-000006

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 06, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.