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AIG Elects New Independent Director

American International Group has announced the appointment of James (Jimmy) Dunne III as an independent director on its board of directors, effective Dec. 1.

Dunne serves as vice chairman and senior managing principal of Piper Sandlet, an investment bank and financial services company. He co-founded Sandler O’Neill & Partners, which Piper Jaffray acquired in 2020. Under Dunne’s leadership, Sandler became the largest independent, full-service banking firm focused on the financial services industry.

A graduate of the University of Notre Dame and a member of its board of trustees, Dunne also serves on the boards of Chime Financial and the PGA Tour Policy Board.

“We are delighted to welcome someone of Jimmy’s caliber to the AIG board,” said Peter Zaffino, chairman and CEO of AIG. “I have great respect for his exceptional financial and investment acumen and extensive experience in advising on significant and complex matters. His unique perspective will be invaluable to AIG and our stakeholders as we execute our strategy.”

“Jimmy brings broad financial services expertise, deep executive leadership experience, and a demonstrated commitment to giving back to his communities,” said John Rice, lead independent director at AIG. “I look forward to welcoming him to the board and value his insights as AIG continues its journey to becoming a top-performing company.”

“I have known Peter for decades and always admired his tremendous leadership abilities,” Dunne said. “He has built a terrific team at AIG, and I couldn’t be more excited to join the board of directors.”

AIG also recently announced the appointment of Rose Marie Glazer as general counsel. The company has also published its earnings report for the third quarter of 2023.

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