Robert H. Benmosche, who this week came out of retirement totake over as American International Group's fourth chief executiveofficer in just more than a year, drew high praise from manyleading agents and brokers. Still, some cited concerns about hislack of property and casualty insurance background, as well as thechallenges he faces in restoring his firm's tarnishedreputation.
Mr. Benmosche, who last served as chair, president and CEO ofMetLife before retiring in 2005, took the reins this week from EdLiddy, the former Allstate chair and CEO.
"Now he has passed the baton to me, and I look forward tocontinuing the race," he said in a statement. "With my AIGcolleagues, we will focus on this mission--maximizing the value ofthe company's assets and meeting all of our stakeholderobligations."
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