AIG CEO Set to Assume Chairman Role From Duperreault in January

American International Group Inc. Chief Executive Officer Peter Zaffino will assume the additional role of chairman on Jan. 1 after helping the insurer engineer a comeback.

Zaffino will replace Brian Duperreault, the company said in a statement Wednesday. As AIG’s former CEO, Duperreault led the New York-based firm as it recovered from the turbulence of the financial crisis, which included a massive government bailout. Zaffino took Duperreault’s CEO role in March.

“Peter has played an indispensable role in AIG’s turnaround, and his unwavering focus, strength of character, integrity and strategic vision will drive AIG’s continued success,” Duperreault said in ...