AIG Expands Global Leadership Role for Jon Hancock

American International Group (AIG) has announced an expansion of Jon Hancock's role within the company, appointing him as Executive Vice President and Chief Executive Officer of both International Commercial Insurance and Global Personal Insurance. This strategic move aligns with AIG's long-term goals of simplifying reporting segments, driving operational efficiency, and enhancing stakeholder value.



Jon Hancock brings a wealth of experience and expertise to his new role, having served in various leadership positions within the insurance industry. Prior to joining AIG, he held the position of Director of Performance Management at Lloyd's, overseeing performance and risk management globally across the Lloyd's market. Before that, he spent 26 years at RSA Insurance Group, where he held roles such as Managing Director, UK Commercial, and Global Broker Relationship Director.

In his new role, Hancock will lead AIG's underwriting, distribution, and business teams across the United Kingdom and Europe, Middle East and Africa, Japan, Asia Pacific, and Latin America. This expanded leadership role will enable Hancock to leverage his global experience and industry expertise to drive growth and enhance service to clients and distribution partners across AIG's extensive international footprint.



The consolidation of AIG's Global Accident & Health, Personal Home and Auto, Global Warranty & Services, and High-Net-Worth businesses under Hancock's leadership is expected to have a positive impact on the company's overall performance and market position. By streamlining operations, improving risk management, strengthening client relationships, expanding product offerings, and aligning with AIG's global strategy, this move can help AIG maintain its competitive edge in the global insurance market.

In conclusion, AIG's expansion of Jon Hancock's role is a strategic decision that leverages his extensive experience and expertise in the global insurance industry. This move is expected to drive operational efficiency, enhance stakeholder value, and strengthen AIG's market position in the competitive global insurance landscape.