FOR IMMEDIATE RELEASE

Press Release
AIG
175 Water Street
New York, NY 10038
www.aig.com

Contacts:
Sabra Purtill (Investors): 212-770-7074; sabra.purtill@aig.com
Daniel O’Donnell (Media): 212-770-3141; daniel.odonnell@aig.com

Peter S. Zaffino Appointed President of AIG
Zaffino to Continue as Global Chief Operating Officer of AIG andChief Executive Officer of General Insurance
NEW YORK, December 18, 2019 – American International Group, Inc.
(NYSE: AIG) today announced that Peter S. Zaffino has been namedPresident of AIG, effective January 1, 2020. Mr. Zaffino will continue toserve as Global Chief Operating Officer of AIG and Chief Executive Officerof General Insurance.
Brian Duperreault, AIG’s Chief Executive Officer, said: “Today’sannouncement recognizes the value that Peter has brought to AIG over thelast couple of years. His strategic approach to our General Insurance
business, particularly with respect to the foundational changes we havemade in the areas of underwriting and reinsurance, has been critical to thesignificant turnaround taking hold in that business. Additionally, Peter isoverseeing AIG 200, our multi-year, enterprise-wide transformationdesigned to position AIG as a top performing company. I am confident thatwith Peter’s continued leadership AIG will realize sustainable improvementsthat will position us as a global market leader.”Mr. Zaffino said: “I am honored to take on the additional role of President ofAIG and appreciate the confidence Brian and the AIG Board of Directors
have in me. I look forward to continuing to work with our dedicatedcolleagues across the organization on our journey to become the leading
insurance company in the world known for its strategic value, operational
excellence and strong financial performance.”
Mr. Zaffino joined AIG as Executive Vice President – Global Chief
Operating Officer in July 2017 and assumed the additional role of Chief
Executive Officer of AIG’s General Insurance business in November 2017.
Mr. Zaffino joined AIG from Marsh & McLennan Companies, Inc. (MMC)
where he was serving as Chief Executive Officer of Marsh LLC from 2011
to 2017 and as Chairman of the Risk and Insurance Services segment ofMMC from 2015 to 2017.
###FOR IMMEDIATE RELEASE

American International Group, Inc. (AIG) is a leading global insurance organization. Buildingon 100 years of experience, today AIG member companies provide a wide range of property
casualty insurance, life insurance, retirement products, and other financial services tocustomers in more than 80 countries and jurisdictions. These diverse offerings include
products and services that help businesses and individuals protect their assets, manage
risks and provide for retirement security. AIG common stock is listed on the New York Stock
Exchange.
Additional information about AIG can be found at www.aig.com | YouTube:
www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional information about AIG
have been provided as a convenience, and the information contained on such websites isnot incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, andgeneral insurance operations of American International Group, Inc. For additional
information, please visit our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International Group, Inc. Products orservices may not be available in all countries, and coverage is subject to actual policy
language. Non-insurance products and services may be provided by independent thirdparties. Certain property-casualty coverages may be provided by a surplus lines insurer.
Surplus lines insurers do not generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.