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The board has moved decisively to put in place credible nextgen leadership, closing off sale speculation. -
Andersen’s annual target compensation as successor will be $18mn, after he assumes the CEO role in June.
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The former AIG exec was set to face trial in March.
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The industry needs to step up in educating clients and understanding their vulnerabilities.
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Worsening market conditions drove the majority of P&C stocks to underperform the S&P 500 in 2025.
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The executive joins newly appointed US CEO Justin Camara.
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The program complements the MGA’s middle-market offerings.
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Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The state is drought-ridden, hail threatened and potentially making major changes this year as a result.
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The incumbent CEO will move to executive chairman.
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One avenue for capital freed up by a softer-than-expected renewal could be more M&A.
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The independent MGU was spun out of AIG in 2023.
