American International Group Inc. announced Thursday that it has restructured its leadership team in order to integrate the company and position it to deliver its full capabilities to AIG’s approximately 90 million clients around the world.
“There is one business, and it’s AIG. We need to focus as a leadership team on fundamental priorities and ensure that we execute against those priorities in the most disciplined way possible,” President and CEO Peter D. Hancock said in a statement.
“Stated simply, we are steadfastly working toward the goal of One AIG. We are committed to having the strongest balance sheet in the industry, recognizing that we have learned that a federated business model exposes us to the weakest link in the chain,” he said. “As a unified, global business, I firmly believe that this ensures we apply a comprehensive enterprise set of standards that keeps our risk appetite well within the capacity of our $100 billion capital base.”
The newly established Operating Committee will report to Hancock and includes:
Source: American International Group