AIG appointed Eric Andersen as CEO to replace Peter Zaffino, whose intense management style caused significant executive turnover despite financial success. The leadership change aims to address cultural issues while maintaining the company’s recent profitability improvements.
AIG
AIG Completes Corebridge Sale After 5 Years
American International Group has completed the sale of its remaining stake in Corebridge Financial, ending a five-year separation process. This strategic move allows AIG to focus more resources on its core property and casualty insurance operations, including auto insurance.