AIG’s chairman and CEO Peter Zaffino is overseeing a new era of stability for the insurance business after a tumultuous few years. In the aftermath of receiving one of the biggest U.S. government bailouts in history during the financial crisis, AIG saw a series of management changes and has sold off multiple assets to repay the Treasury. Zaffino, who joined AIG from Marsh McLennan in 2017 and took the helm in 2021, says AIG has shed more than $1 trillion of exposure, and he continues to streamline the business. That has included spinning off Corebridge Financial and selling AIG’s global personal travel insurance and assistance business in a $600 million deal.
https://time.com/7303839/aig-ceo-peter-zaffino-interview/