Robert Benmosche News

Execs Hired by Berkshire Specialty Balked at AIG Philosophy: Benmosche

Robert Benmosche, who led American International Group Inc. for half a decade, said an emerging challenge from Warren Buffett’s Berkshire Hathaway Inc. hasn’t amounted to much so far. Buffett’s firm recruited AIG executives beginning last year to expand commercial coverage …

Hancock Takes Over at AIG After Benmosche’s ‘Great Leadership’: Miller

The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said. “We’re changing generals as we move from wartime to peacetime,” Miller, 72, said Tuesday in an interview with Bloomberg …

After ‘Terrible’ Cancer Diagnosis, Benmosche Accelerated Exit from AIG

Robert Benmosche, who is stepping down this weekend after five years as American International Group Inc.’s chief executive officer, said he learned in May that he had nine months to a year to live. Benmosche, 70, said in an interview …

AIG Reports 12.5% Rise in Profit in Benmosche’s Last Quarter As CEO

Insurer American International Group Inc. reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across its major businesses and the sale of its former aircraft leasing unit. AIG noted that it bought back about $1.1 billion …

Hancock to Get $11.8 Million as Next AIG CEO

American International Group Inc.’s Peter Hancock will get a compensation package of $11.8 million a year as the insurer’s new chief executive officer. The short-term incentive will be $3.2 million of cash and the long-term will be $7 million in …

Under New CEO Hancock, Smaller AIG Expected to Focus on Growth

American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout. Hancock, 55, oversees property-casualty insurance and will be CEO and …

Hancock, Wintrob Top Candidates to Be Next AIG CEO: WSJ

American International Group Inc.’s search for its next chief executive has narrowed down to two internal candidates, the Wall Street Journal reported, citing people familiar with the matter. Peter Hancock and Jay Wintrob have emerged as the likely candidates to …

AIG’s Benmosche Receives Leadership Award From St. John’s University in N.Y.

St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.Robert H. Benmosche, president and CEO of American International Group, …

St. John’s Univ. to Honor AIG’s Benmosche as 2013 Insurance Leader of the Year

St. John’s University’s School of Risk Management (SRM) in New York will honor American International Group’s President and Chief Executive Officer Robert H. Benmosche as the “2013 Insurance Leader of the Year” at its 19th annual Insurance Leader of the …

AIG Open to New ILFC Offer or IPO as China Group Deadline Extended

American International Group Inc. said it is open to new offers for its plane-leasing business and may pursue a public offering of the unit after a group of Chinese investors missed another deadline to buy the operation. The group, led …