The AIG chief, whose greatest hits include “my balls are bigger than the government’s,” “The worst thing that will ever happen to him is when he and I meet in the room and I close the door,” and “women go wild when they walk [into my bathroom],” will officially bid his people adieu come September.
The American International Group on Tuesday named a successor to Robert H. Benmosche, its chief executive and the leader who oversaw the insurer’s recovery from the financial crisis. A.I.G. said that it had named Peter Hancock, the head of its property casualty business, who will take over as chief executive on Sept. 1. Mr. Benmosche will also resign from the company’s board, though he will become an adviser to Mr. Hancock and stay involved in leadership development programs within the insurer.