American International Group announced that Jon Hancock, Executive Vice President and Chief Executive Officer of General Insurance, will retire from his executive role on December 31, 2026. Following a six-year tenure at AIG and a 40-year career in the insurance industry, Mr. Hancock will transition to the position of Senior Advisor. In this new capacity, he will report directly to Eric Andersen, President and Chief Executive Officer of AIG, providing counsel on strategic priorities to support the company's long-term success. This executive departure is material as it involves a key leadership figure in the General Insurance segment. American International Group operates in the global insurance industry, providing property casualty insurance and other financial services.
