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AIG Investors Await New CEO and Strategy

May 2, 2017

For nearly two months, American International Group Inc. has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future.

AIG reports its first-quarter earnings on Wednesday and analysts and investors said they want to know more about AIG’s succession plans. Chief Executive Officer Peter Hancock announced on March 9 that he would depart once the board found a replacement, citing a lack of confidence among directors and investors.

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