Career File: Peter Hancock

peter-hancock-aig

AIG CEO Peter Hancock resigned last month, citing a lack of “wholehearted” shareholder support. He will remain CEO until a successor has been named. The move follows reports that Hancock could have been forced out of his role following disappointing 2016 results, including a commercial combined operating ratio of 241%. AIG chairman Douglas Steenland said the company would continue to follow the two-year strategic plan announced in January 2016. “The board believes strongly that this is the