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AIG CEO Peter D. Hancock to resign

Peter D. HancockAmerican International Group (AIG), an insurance organization, said that Peter D. Hancock, president and chief executive officer, has informed the board of directors of his intention to resign.

Mr. Hancock was named President and Chief Executive Officer of AIG in September 2014, when he was also elected to the AIG Board of Directors.

READ MORE AIG names SVP, chief communications officer

Previously, Mr. Hancock served as CEO of AIG Property Casualty.

He joined AIG in 2010 as Executive Vice President, Finance, Risk, and Investments.

Mr. Hancock has spent his entire career in financial services, including 20 years at J.P. Morgan, where he established the Global Derivatives Group, ran the Global Fixed Income business and Global Credit portfolio, and served as the firm’s Chief Financial Officer and Chief Risk Officer.

He co-founded and served as President of Integrated Finance Limited, an advisory firm specializing in strategic risk management, asset management, and innovative pension solutions.

He joined AIG from KeyCorp, where he was Vice-Chairman, responsible for Key National Banking.

Mr. Hancock is a board member of The Geneva Association, and a member of The Business Council, the Business Roundtable, the International Advisory Board of BritishAmerican Business, and the 30% Club. He is Vice-Chairman of the Together for Safer Roads Coalition.

In 2014, Mr. Hancock received the Corporate Citizenship Award from BritishAmerican Business. He is a William Pitt Fellow of Pembroke College, Cambridge.

He attended Oxford University, where he earned his Bachelor of Arts degree in politics, philosophy, and economics.

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