Robert H. Benmosche, who this week came out of retirement to take over as American International Group's fourth chief executive officer in just more than a year, drew high praise from many leading agents and brokers. Still, some cited concerns about his lack of property and casualty insurance background, as well as the challenges he faces in restoring his firm's tarnished reputation.
Mr. Benmosche, who last served as chair, president and CEO of MetLife before retiring in 2005, took the reins this week from Ed Liddy, the former Allstate chair and CEO.
"Now he has passed the baton to me, and I look forward to continuing the race," he said in a statement. "With my AIG colleagues, we will focus on this mission--maximizing the value of the company's assets and meeting all of our stakeholder obligations."
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