Peter Zaffino, CEO of insurance broker Marsh & McLennan Cos. (MMC) , will be tapped to be deputy to new American International Group Inc. (AIG) CEO Brian Duperreault, according to a report by Insurance Insider.
AIG hired Duperreault earlier this year as it looked to turn around its insurance operations following the departure of former CEO Peter Hancock.
Zaffino held various roles at Marsh, which he joined in 2001. Duperreault is also a Marsh alum, after serving as the company’s CEO between 2008 and 2012.
AIG shares were down 0.8% to $62.78 in afternoon trading Wednesday.