AIG announced its a new leadership structure for the company, which will better position the insurance corporation to meet its goal of “One AIG.”
“We are committed to having the strongest balance sheet in the industry, recognizing that we have learned that a federated business model exposes us to the weakest link in the chain, Peter D. Hancock, president and CEO, said in a statement. “As a unified, global business, I firmly believe that this ensures we apply a comprehensive enterprise set of standards that keeps our risk appetite well within the capacity of our $100 billion capital base.”
The Operating Committee will focus on fundamental priorities in the way the company balances growth, profitability and risk for its 90 million clients around the world.
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