American International Group, Inc. (NYSE: AIG) announced that Jon Hancock will retire as Executive Vice President and Chief Executive Officer of General Insurance, effective December 31, 2026, following more than six years in executive leadership roles at the company.

Upon retirement from his current position, Hancock will transition to the role of Senior Advisor, reporting to AIG President and Chief Executive Officer Eric Andersen. In that capacity, he will provide counsel on strategic priorities, support select growth initiatives, and continue to serve on the boards of directors of Talbot Underwriting Ltd, AIG UK Ltd, and Tata AIG General Insurance Company.

Hancock joined AIG in 2020 as Executive Vice President and Chief Executive Officer of International Insurance and was named head of the General Insurance business in 2025. Before joining AIG, he served as Director of Performance Management at Lloyd's of London from 2016 to 2020, overseeing performance and global risk management. Earlier in his career, he spent 26 years at RSA in senior leadership roles.

Andersen said in a statement, "Jon has played an important leadership role in repositioning our business, strengthening underwriting performance, enhancing our relationships with clients and partners, and advancing our talent and culture around the world."

AIG provides insurance solutions in more than 200 countries and jurisdictions.