Benmosche to step down during the first quarter of next year

Two front-runners have emerged in the race to succeed Robert Benmosche as the new chief executive of American International Group (AIG).

The insurer’s board has narrowed the field to two internal executive: Peter Hancock and Jay Wintrob, according to The Wall Street Journal.

Hancock runs the giant US insurance conglomerate’s global property-casualty business, while Wintrob is in charge of AIG’s life-insurance and retirement-services unit.

The 69-year-old Benmosche, who is being treated for cancer, has outlined plans to step down during the first quarter of next year.

 

 

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