NEW YORK--(BUSINESS WIRE)--Sep. 1, 2014--
American International Group, Inc. (NYSE:AIG) today announced that, in
accordance with the company’s succession plan, previously disclosed on
June 10, 2014, Peter D. Hancock has assumed the role of President and
Chief Executive Officer of AIG, and has joined AIG’s Board of Directors.
Mr. Hancock succeeds Robert H. Benmosche, who retired and now serves as
an advisor to AIG.
Mr. Hancock, 56, joined AIG in 2010 and was named Chief Executive
Officer of AIG Property Casualty in March 2011, when the division was
reorganized into two major global groups: Commercial and Consumer. He
had previously served as Executive Vice President, Finance, Risk, and
Investments, AIG. Mr. Hancock has spent his entire career in financial
services, including 20 years at J.P. Morgan, where he established the
Global Derivatives Group, ran the Global Fixed Income business and
Global Credit portfolio, and served as the firm’s Chief Financial
Officer and Chief Risk Officer. He co-founded and served as President of
Integrated Finance Limited, an advisory firm specializing in strategic
risk management, asset management, and innovative pension solutions. He
joined AIG from KeyCorp, where he was Vice Chairman, responsible for Key
Mr. Hancock is a member of the International Advisory Board of
BritishAmerican Business. In 2014, he received that organization’s
Corporate Citizenship Award. He is a William Pitt Fellow of Pembroke
College, Cambridge. Mr. Hancock was raised in Hong Kong and later
attended Oxford University, where he earned his Bachelor of Arts degree
in politics, philosophy, and economics.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. AIG common stock is listed on the New York Stock Exchange
and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGInsurance
| LinkedIn: http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Source: American International Group, Inc.
Jon Diat, +1 212-770-3505
Werner, +1 212-770-7074