Peter Hancock News
AIG Will Slash 242 Jobs in NYC
American International Group Inc., the insurer that's been under pressure from activist investors, said it plans to cut 242 jobs at five locations in New York City. The reductions will take place ...
AIG Scores a Fitch Ratings Affirmation and Swiss Re Deal
Fitch Ratings gave American International Group a small bit of good news, even as the property/casualty insurance giant struggles to reorganize, respond to profitability declines and deal with ...
Diversification Doesn’t Always Help Ratings: S&P
Weighing in on one of the key points of conflict that pitted American International Group's Peter Hancock against investor Carl Icahn in recent months, Standard & Poor's said that not all types ...
Two More AIG Execs Depart in Ongoing Overhaul; New COO Named
American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the ...
Hank Greenberg: AIG Let ‘Fox in the Henhouse’ With Icahn Deal
American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink ...
AIG Will Expand Board to Include Billionaire Paulson and Icahn Rep
American International Group, Inc. disclosed on Feb. 11 that its board will expand from 14 seats to 16 seats, a move that accommodates two activist shareholders: billionaires John Paulson and Carl ...
Icahn, Dissatisfied with AIG’s Actions, Makes His Next Move
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer's chief executive officer was inadequate and ...
AIG’s Plan to Decentralize and Other Things Revealed in Its Strategic Plan
Of all the changes detailed in American International Group's wide-ranging strategic plan, the insurer's bid to decentralize decision-making among leaders of its operating divisions may be among the ...