Peter Hancock seen as a possible successor to Benmosche

Peter Hancock, one of the inventors of the credit derivatives that sparked the financial crisis, is to oversee risk, finance and strategy at AIG’s Financial Products division, the FT reports.

He is currently vice-chairman at the regional lender KeyCorp. His new role will position him as a potential successor to the chief executive Robert Benmosche, the FT said.

Hancock will receive a pay package of up to $7.5m for this year, signed off by Kenneth Feinberg, the Obama administration’s pay czar.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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