Jon Hancock to Retire from AIG

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Jon Hancock will retire as Executive Vice President and Chief Executive Officer, General Insurance and transition to the role of Senior Advisor effective December 31, 2026, following more than six years in executive leadership roles at AIG and a distinguished, 40-year career in the insurance industry.

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. He will provide executive support for select growth initiatives, continue to serve on the Boards of Directors of Talbot Underwriting Ltd, AIG UK Ltd, and Tata AIG General Insurance Company, and serve as a resource to leaders across the company, with a focus on advancing AIG’s strategy of underwriting excellence and developing the next generation of underwriting talent.

Mr. Hancock joined AIG in 2020 as Executive Vice President and Chief Executive Officer, International Insurance, at a pivotal time in the company’s turnaround, and in 2025 was named Executive Vice President and Chief Executive Officer of the company’s General Insurance business. Prior to joining AIG, Mr. Hancock served as Director of Performance Management at Lloyd’s of London from 2016 to 2020 where he oversaw performance and global risk management. Earlier in his career, Mr. Hancock spent 26 years at RSA in senior leadership roles.

Eric Andersen, President and Chief Executive Officer of AIG, said, “I want to thank Jon for his exceptional service and dedication to AIG. Jon has played an important leadership role in repositioning our business, strengthening underwriting performance, enhancing our relationships with clients and partners, and advancing our talent and culture around the world. He has been a trusted partner to me and to our executive leadership team as we have continued to build on AIG’s momentum and deliver value for our stakeholders. On behalf of our AIG colleagues around the world, I extend my sincere appreciation to Jon for his years of dedicated service and continued commitment to AIG.”

Mr. Hancock said, “It has been a privilege to be part of AIG and to contribute to its storied history. I feel privileged to have worked alongside such talented and dedicated colleagues, whose commitment to AIG’s clients and partners is inspiring. I am incredibly proud of all that we have accomplished together.”

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners.

AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.