Peter Zaffino was appointed executive vice president, global chief operating officer, of American International Group, Inc. (AIG) effective Aug. 1, 2017, the company announced today.

Zaffino most recently served as chief executive officer of Marsh LLC, a leading global insurance brokerage and risk management firm and subsidiary of Marsh & McLennan Companies, Inc. (MMC). Zaffino was also chairman of MMC's Risk and Insurance Services segment since 2015 and has served as a member of MMC's Executive Committee since 2008.

As global COO, Zaffino (pictured) will lead the day-to-day business of all of AIG's country operations, including U.S. Commercial field operations and AIG'sPeter Zaffino global chief operating officer of AIG Multinational organization, as well as Global Business Services, Administration and Communications. In conjunction with the CEO and executive leadership team, Zaffino will also develop AIG's long-term strategy and operating plan, and be responsible for executing the Commercial and Consumer strategies to achieve growth and profitability objectives.

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Rosalie Donlon

Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].

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