AIG CEO to step down, move to executive chair's role; shares fall

American International

06/01/2026 13:36

** Shares of commercial insurer American International Group AIG.N down 4.62% to $80.48

** AIG's on Tuesday said that its CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board

** Co named insurance industry veteran Eric Andersen as its new president and CEO-elect, effective February 16

** Eight of 22 analysts rate stock "strong buy" or "buy" and 14 "hold"; their median PT is $89- data compiled by LSEG

** In last 12 months, AIG's stock rose 15.8%

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com))