Chief executive Peter Hancock will provide plan to drive shareholder value
AIG is to present its strategic vision to shareholders on 26 January as it fights off an attempt by activist shareholder Carl Icahn (pictured) to split the group up.
Chief executive Peter Hancock will give a live webcast at 1:00 pm London time to update investors on AIG’s plans to “accelerate its previously announced strategy”.
AIG said it will provide a “proactive plan to drive shareholder value”.
The insurer also said it will report fourth-quarter results on 11 February.
Icahn wants to nominate a new board member to succeed Hancock as chief executive. He wants to split the company into three – health and life insurance, mortgage insurance and general insurance – to avoid the higher capital requirements loaded onto large financial services companies.
Hancock said AIG will not split up, but could sell some assets.