Peter Hancock has been named president and chief executive officer of AIG effective September 1. He currently serves as executive vice president, AIG, and chief executive officer of AIG Property Casualty, and will succeed Robert Benmosche.
As of September 1, Benmosche is expected to resign from the AIG Board of Directors and will assume an advisory role at AIG. In that capacity, he will advise the CEO and continue to be involved in AIG’s internal leadership development programs, as well as mentor and coach AIG managers.
Hancock 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.
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