People moves


Peter Hancock has been named executive vice-president in charge of finance, risk and investments at American International Group (AIG). In a newly created position, Hancock will report directly to AIG’s chief executive, Robert Benmosche, and will oversee finance, risk, audit, investments, strategic planning and the insurer’s subsidiary, AIG Financial Products (AIGFP). AIGFP registered an unrealised market valuation loss of $28.6 billion for 2008 on its super-senior credit default swap portfolio

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