AIG General Insurance CEO Jon Hancock to retire

Jon Hancock, the Executive Vice President and CEO of General Insurance at American International Group (AIG), will retire from his position at the end of 2026. Following his retirement, Hancock will transition into a role as a Senior Advisor, reporting to AIG President and CEO Eric Andersen. In this new capacity, he will provide counsel on strategic priorities, support growth initiatives, and continue his service on the boards of Talbot Underwriting Ltd, AIG UK Ltd, and Tata AIG General Insurance Company.

Hancock joined AIG in 2020 as the CEO of International Insurance during a period of company turnaround. In 2025, he was elevated to lead the General Insurance division, which encompasses North American and international commercial insurance as well as global personal insurance. His career includes serving as the Director of Performance Management at Lloyd’s of London from 2016 to 2020 and spending 26 years in senior roles at RSA. AIG has not yet announced a successor for the General Insurance leadership role.