American International Group Inc. said Chief Executive Peter Hancock will resign, a move that follows the giant insurance conglomerate’s recent failure to meet a series of financial targets. Mr. Hancock tendered his resignation during a board meeting at the company’s headquarters on Wednesday, according to people familiar with the matter. The board could have appointed someone as interim leader but instead asked Mr. Hancock to stay...

Source: Wall Street Journal March 09, 2017 13:14 UTC