Leadership Transition Weighs on American International Group Shares

American International Group, Inc. (AIG) is facing investor pressure following an unexpected announcement regarding its executive leadership. The company revealed that Peter Zaffino will transition to the role of Executive Chair in mid-2026, with Eric Andersen appointed as President and designated Chief Executive Officer. This news triggered a significant sell-off in the insurer’s stock, raising questions about its ongoing recovery trajectory.

The disclosure prompted a sharp decline, with AIG’s equity falling nearly 8% in a single trading session. Zaffino has been widely credited as the architect behind the multi-year restoration of underwriting profitability at the firm. His successor, Eric Andersen, brings nearly three decades of industry experience, most recently at Read more...