Sector ETF report for KBWP
MetLife, American International Group, Prudential Financial, MGIC Investment and Radian Group have been highlighted in this Industry Outlook article.
Zaffino, who took charge last year, joined AIG as the global chief operating officer in 2017 and was the point man to execute goals set by former CEO Brian Duperreault as part of a turnaround plan launched by him. The company's board approved a one-time grant in the form of restricted stock units (RSUs) having a grant date value of $50 million to Zaffino, according to the filing. He will also receive an annual base salary of $1.5 million and an annual cash bonus of $4.5 million based on the board's assessment of his performance.