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AIG is reducing its risk, says CEO

Peter Hancock suggests he finds SIFI status less objectionable and thinks insurer could work with its Fed regulators
Monday, May 4, 2015 - 05:50

"The discussion of the off ramp certainly means that there is a strategic question to be answered at some point down the road," Mr Hancock said, when asked about AIG's corporate structure.

New York

IF THERE is a path leading out of the realm of "systemically important financial institutions", American International Group (AIG) may already be on it, the insurer's chief executive told securities analysts.

The chief executive, Peter Hancock, made his remarks on Friday

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