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Alayna Treene Mar 9, 2017
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AIG CEO announces plans to resign

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American International Group announced Thursday that CEO Peter Hancock has informed the board of directors that he plans to step down, per CNBC. Shares of AIG rose 1.4% pre-market after the news.

Hancock, who was named chief executive of the global insurance organization in 2014, will remain CEO until a successor is appointed.