AIG CEO Hancock Plans Public Webcast on His Vision, ‘Proactive Plan’ for Insurer

By | January 7, 2016

American International Group Inc., the insurer that has rebuffed activist investor Carl Icahn’s push to divide into three companies, set a Jan. 26 presentation to outline Chief Executive Officer Peter Hancock’s vision.

The presentation will be a live webcast at 8 a.m. New York time, the company said Wednesday in a statement. The insurer also said it will report fourth-quarter results on Feb. 11.

AIG has promised to update investors with strategic plans and “accelerate its previously announced strategy” after Icahn said in November that he may propose the addition of a director who would agree to succeed Hancock if asked to do so by the board. Hancock has said it makes sense to keep both property/casualty and life insurance operations, but that he is prepared to sell some assets.

At the strategy session, AIG will provide a “proactive plan to drive shareholder value,” the insurer said in the statement.

Latest Comments

  • January 21, 2016 at 12:14 pm
    WheresThePension says:
    And how many more AIG employees who have worked their butts off for "years" to make TONS of money for AIG will be walked out the door? Since everyone knows damn well that's wh... read more
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