Peter Hancock News
AIG Loses $3.04B in Q4, Slammed by Higher-Than-Expected Claims Costs
American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain ...
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance. AIG will ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...
AIG Selling Fairfax Financial Some Latin America, Central and Eastern Europe Operations
American International Group will sell off some of its Latin America, Central and Eastern Europe operations to Fairfax Financial Holdings Ltd., and the two companies in turn expect to form a ...
AIG CEO Peter Hancock’s Innovation Sources: Nobel Prize Winners, Client Councils and More
Here's an innovation you may not have heard about in the insurance world: client councils. AIG President and CEO Peter Hancock said that his company forms and hosts client councils in order to ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
AIG CEO Worried More About Boosting Returns Than ‘Too Big to Fail’ Status
American International Group Inc. Chief Executive Officer Peter Hancock said he's more focused on boosting returns than worrying about the government's classification of his company as too big to ...