Peter Hancock

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  AIG Loses Four Top P&C Execs in Mass Defection to Berkshire Hathaway

  By Arthur D. Postal, PropertyCasualty360.com  |  April 29, 2013

  Four of AIG's top P&C executives have all left the firm to join Berkshire and start a rival surplus lines unit.

• Analyst Says AIG Profit Growth May Take Hit from Costs of Technology Investments

  By Arthur D. Postal, PropertyCasualty360.com  |  April 2, 2013

  American International Group’s profit growth for next year may be less than investors expect because technology investments aimed at reducing costs of handling claims could come in higher than projected, Sterne Agee & Leach analysts say in a new report.

• AIG Takes Q4 Loss on Sandy, Airline Leasing Unit Sale

  By Chad Hemenway, PropertyCasualty360.com  |  February 22, 2013

  American International Group Inc. reports a fourth-quarter net loss of $4 billion on losses related to Superstorm Sandy and the sale of an aircraft leasing unit.

• Improvement in Insurance Operations Boosts AIG in Q2

  By Arthur D. Postal, PropertyCasualty360.com  |  August 3, 2012

  American International Group reported a 27 percent increase in second-quarter net income compared to the same period last year, and predicted “we are close” to paying off the government for its investment in the company starting in 2008.

• New Position at Chartis Charged With Adding Science to Art of Decision-Making

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 28, 2012

  Chartis has fortified its C-suite with the newly created role of chief science officer: Murli Buluswar has been tasked with assembling a team of thought leaders who together will identify global trends that will shape the insurance market over the next decade.

• AIG Q1 Income Soars on Core Business Gains

  By Chad Hemenway, PropertyCasualty360.com  |  May 4, 2012

  Driven by profits in all core business units—especially its property and casualty insurance unit—American International Group Inc.’s first-quarter net income climbed more than 147 percent.

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  AIG’s Confidence in Future Profit Results in Larger Q4 Gain

  By Chad Hemenway, PropertyCasualty360.com  |  February 24, 2012

  American International Group Inc. says it expects to turn a profit in the future and is on pace to achieve goals it has set for 2015.

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  Benmosche: Chartis Retaining Customers; Did Not Under-Price Business

  By Arthur D. Postal  |  February 16, 2012

  Chartis companies have been able to retain 90 percent of their customers despite the economic turmoil American International Group has endured since 2008, AIG Chief Executive Officer Robert Benmosche said at an investment conference Wednesday.

• After Departure, Chartis Shuffles Executives Again

  By Chad Hemenway, PropertyCasualty360.com  |  January 18, 2012

  Chartis has reassigned some of its top executives—the second such shakeup for the American International Group subsidiary in less than a year—in conjunction with a geographic restructuring to hone in on growing economies.

• NU's Top 10 Stories of 2011

  By NU Staff  |  December 19, 2011

  In such an eventful year, with dozens of compelling stories as strong contenders, determining the Top 10 of 2011 was no easy task. But, after a lot of labor—and internal debate—we feel the final list we’ve put together successfully captures the essential news of the past 12 months.

• #4 AIG: Industry Giant Generates Host of Headlines in Roller-Coaster Year

  December 15, 2011

  While dozens of insurance companies made big news in 2011, none could come close to matching the sheer quantity of headlines grabbed by AIG—the recipient of an $182 billion government bailout and an industry giant whose Chartis division is one of the key P&C players.

• October Rates Provide More Evidence of Market Shift; Demand to Rise in Nontraditional Risks

  By Mark E. Ruquet  |  November 10, 2011

  Showing rate increases/decreases were flat for the month, MarketScout’s October barometer provides further evidence of the soft market making a turnaround. One insurance-broker executive says he believes the industry is actually primed for an increase in demand— although likely in areas outside the traditional property and casualty arena.

• Company Comeback

  By Bryant Rousseau, PropertyCasualty360.com  |  September 16, 2011

  All publicity is good publicity,” the saying goes. Somehow, I bet the employees of AIG would beg to differ with that statement.

• Chartis CEO Charts A Value-Over-Volume Course For The P&C Giant

  September 16, 2011

  Chartis CEO Charts Peter Hancock discusses weathering the bailout of AIG, talent-retention, growth opportunities and the benefits of being big.

• Analysts Approve Of Recent Moves At Chartis, But Await Better Results

  By Chad Hemenway, PropertyCasualty360.com  |  September 16, 2011

  In the view of industry analysts, Chartis is moving in the right direction, but “there’s still a lot of fixing to do,”

• AIG’s Chartis To Transfer Asbestos Liability To Berkshire

  By Chad Hemenway, PropertyCasualty360.com  |  April 20, 2011

  Chartis, the property and casualty unit of American International Group Inc., says it will transfer a bulk of its asbestos liability to Berkshire Hathaway’s National Indemnity Co.