Peter D. Hancock Assumes Role as AIG President and Chief Executive Officer
September 01 2014 - 8:00AM
Business Wire
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 National Banking.
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.
AIGMedia:Jon Diat, +1
212-770-3505jon.diat@aig.comorInvestors:Liz Werner, +1
212-770-7074elizabeth.werner@aig.com
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