AIG Identifies 2 Internal Candidates to Replace CEO Robert Benmosche

American International Group's search for its next chief executive has been narrowed down to two internal candidates, replacing Robert Benmosche. Peter Hancock and Jay Wintrob have emerged as the likely front runners to succeed the current CEO. Hancock is the head of AIG's global property-casualty business, while Wintrob leads the life-insurance and retirement business. AIG's board hopes to make a decision by September, and is evaluating both internal and external candidates. However, the chances of an external candidate leading AIG after Benmosche look slim.