Despite the co-option of activist investors to the board and the announcement of a broad remediation plan for the business, the perception at the top levels of the insurance industry remains that Peter Hancock will do well to see out the year as CEO of American International Group (AIG).
Sources have talked about AIG’s efficiency plan as hollowing out underwriting talent within the business, with the need to cut costs overriding a strategic approach to managing talent…Read more at Insurance Insider