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Story summary
- AIG said Peter Zaffino will retire as CEO by mid-2026 and become Executive Chair.
- Eric Andersen, formerly of Aon, will become AIG's CEO-elect on February 16, 2026.
- He will assume the CEO role on June 1, 2026.
- AIG shares fell nearly 7% after the announcement, signaling investor concerns about management stability.
- Analysts expect Andersen to maintain current strategies and shift from restructuring toward growth.
