- Currently the CEO of AIG Property Casualty, Peter Hancock will replace Bob Benmosche as AIG CEO, effective September 1. Hancock will also join the AIG board and Benmosche is expected to resign from his role as a director.
- The succession is a little earlier than expected, but Hancock was thought to be the leading candidate to take over the CEO role.
- Source: Press Release
at Zacks.com (Nov 18, 2014)