Market discusses AIG CEO replacement

With increasing questions over the leadership of Peter Hancock the market has begun discussing who might be his replacement. Questions were raised over Hancock’s leadership following poor quarterly results that have dampened AIGs two year plan at turning the company around. Some have speculated that if a replacement is sought it will be an outsider with no connections to the company who will be best placed to steer the ship around. Leading industry names that have been circulated are Marsh & McLennan Companies CEO Dan Glaser, Hamilton Insurance Group CEO, AIG veteran Brian Duperreault and Aon CEO Greg Case. Meanwhile, XL Group CEO Mike McGavick may also be seen as a potential candidate after turning the Bermudian around from its own financial crisis woes. The role has been championed as a career defining move but also one with large challenges as another overhaul will be needed to turn the company around, its second in as many years.