Age, Biography and Wiki

Peter Zaffino was born on 1967 in Greenwich, Connecticut, is an American executive. Discover Peter Zaffino's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 57 years old?

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Occupation Chairman & CEO of AIG
Age 57 years old
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Born
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Birthplace Greenwich, Connecticut
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Peter Zaffino Height, Weight & Measurements

At 57 years old, Peter Zaffino height not available right now. We will update Peter Zaffino's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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Peter Zaffino Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Peter Zaffino worth at the age of 57 years old? Peter Zaffino’s income source is mostly from being a successful Chairman. He is from . We have estimated Peter Zaffino's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

1919

The name "AIG 200" refers to the second 100 years for AIG, which was founded in 1919.

Under Zaffino, the program aims to improve AIG's infrastructure, operational processes, efficiency and expense ratio.

Zaffino will oversee modernizing and digitizing workflows, as well as eliminating legacy processes and manual interventions.

1967

Peter Zaffino (born 1967) is an insurance industry executive.

He is the Chairman and CEO of AIG.

Zaffino was born in 1967; his father was Salvatore D. Zaffino, an insurance executive who was chairman of Guy Carpenter & Company from 1999 through 2007 and prior to that was CEO of the company.

1989

He received a BA in economics from Boston College, where he played collegiate soccer, in 1989, and an MBA in finance from New York University's Leonard N. Stern School of Business.

He holds the insurance industry designations CPCU and Associate in Reinsurance designations.

Following university, Zaffino worked steadily in the insurance and reinsurance industry, beginning at The Hartford.

He held a number of senior executives roles at a portfolio company of GE Capital, which specialized in alternative risk insurance and reinsurance.

2001

From GE Capital Services, in 2001 Zaffino joined Guy Carpenter & Company, a global risk and reinsurance firm and a subsidiary of Marsh & McLennan Companies in New York City.

2005

From 2005 forward he successively held several senior positions at Guy Carpenter, including head of global specialty practices; managing director and eastern regional manager; and executive vice president and head of treaty operations in the United States.

2008

With MMC he was president and CEO of Guy Carpenter from 2008–2011, CEO of Marsh from 2011–2017, and chairman of MMC's Risk & Insurance Services segment from 2015–2017.

In February 2008 he became Guy Carpenter's president and CEO.

He streamlined the company's operations and staff, improved profitability, made acquisitions, and hired high-profile executives.

In addition, Global Reinsurance says he improved Guy Carpenter's analytical tools for clients; overhauled operations in the United Kingdom and Europe; and also worked to improve sales culture and integration within the company.

Marsh & McLennan Companies, a professional services firm that includes risk management companies Marsh and Guy Carpenter and consulting firms Mercer and Oliver Wyman Group, had appointed Zaffino as a member of its executive committee in 2008.

In 2008 Marsh had launched Marsh & McLennan Agency, aimed at providing insurance for small and mid-sized companies, and Zaffino continued to expand it via acquisitions.

He was hired by AIG's new CEO Brian Duperreault, who had been CEO of Marsh & McLennan Companies from 2008 to 2012.

Together with Duperreault, Zaffino develops AIG's long-term strategy and operating plan.

2011

In April 2011 MMC appointed him president and CEO of its subsidiary Marsh, Inc., a global insurance brokerage and risk management firm.

Under Zaffino, Marsh grew in part via acquisitions, and the company launched several technological products such as a mobile platform.

2015

In early 2015 Marsh & McLennan Companies named him chairman of MMC's Risk & Insurance Services segment, which included both Marsh and Guy Carpenter.

In this capacity he led teams providing risk advice and capital solutions to companies in around 130 countries.

2017

Zaffino joined AIG in August 2017 as executive vice president and global chief operating officer.

He was CEO of AIG's General Insurance business, the company's core property-casualty insurance unit, from September 2017 to August 2020.

Zaffino was appointed executive vice president and global chief operating officer of AIG effective August 2017.

This entailed leading the day-to-day business of all country operations, including U.S. commercial field operations and AIG's multinational organization, as well as global business services, administration, and communications.

He was also responsible for expanding and profitably executing AIG's commercial and consumer strategies.

Zaffino was also appointed to AIG's executive leadership team in 2017.

In September 2017, Duperreault appointed Zaffino as CEO of General Insurance, in addition to his position as global COO.

The General Insurance division includes commercial and personal insurance, and U.S. and international field operations.

2019

Zaffino heads AIG 200, a multi-year, company-wide operational overhaul and modernization plan announced in 2019.

2020

On 1 January 2020, Zaffino was promoted to president of AIG and continued as global COO.

On March 1, 2021, he became AIG's CEO.

Later that year, Zaffino was appointed chairman of the AIG board of directors, effective January 1, 2022.

Prior to joining AIG, he was with Marsh & McLennan Companies (MMC) for 16 years.

In January 2020, Zaffino assumed the additional title of president of AIG from global CEO Brian Duperreault.

Zaffino retained his position as global COO.

He also continued to lead the firm's General Insurance unit as CEO until August 2020, when that position transitioned to David McElroy, as Zaffino moved to focus more on enterprise-wide leadership responsibilities in his role as president and global COO.