AIG Chairman Douglas Steenland News

American International Group Inc.’s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. Chairman Doug Steenland, in his annual letter Monday, said that the board …

American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last year. Steenland, the former CEO of Northwest Airlines Corp., will …