Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year.
The announcement is the newest change for AIG’s C-suite, which experienced a shake-up leading to Hancock’s latest role with the company. He was named CEO of General Insurance, which includes the North America and international commercial insurance businesses and AIG’s global personal insurance book, in November 2025 once former Lloyd’s of London CEO John Neal reached a “mutual agreement” agreement with AIG not to lead General Insurance before he was slated to start.
Related: Former Lloyd’s CEO Neal Will Not Join AIG; Hancock to Be General Insurance CEO
Hancock will become a senior advisor to AIG and report to Eric Anderson, president and CEO. He will provide executive support for growth initiatives, and continue to serve on the boards of Talbot Underwriting, AIG UK, and Tata AIG General Insurance Company.
Hancock joined AIG in 2020 as its CEO of International Insurance. Before AIG, Hancock was director of performance management at Lloyd’s of London from 2016. He also spent 26 years at RSA in senior roles.
“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,” Anderson said.
AIG did not announce a successor.
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