AMERICAN INTERNATIONAL GROUP, INC. · News & developments
AIG General Insurance CEO Jon Hancock to Retire at Year-End Without Named Successor
Jon Hancock will retire as Executive Vice President and Chief Executive Officer of General Insurance on December 31, 2026. As Senior Advisor, Mr. Hancock will report to Eric Andersen, President & Chief Executive Officer of AIG, and provide counsel on strategic priorities that support AIG’s continued performance and long-term success. The regulatory disclosure named no replacement to head the unit.
Why this matters
General Insurance serves as the operational anchor of post-separation AIG, making executive continuity critical to sustaining recent underwriting improvements. Leaving the CEO post open without an immediate successor creates potential friction in underwriting discipline and broker relationships heading into 2027. Keeping Hancock as Senior Advisor preserves institutional memory, but the absence of an operating chief tests the firm's leadership bench just as CEO Eric Andersen beds down his own management structure.