Robert Benmosche, the former CEO of AIG who led the insurer to repay a $182.3 billion taxpayer bailout, died of lung cancer last Friday. He was 70 years old. AIG previously announced in October 2010 that Benmosche had cancer, and the CEO said last August that he’d moved up his departure after his prognosis worsened. Benmosche was replaced by Peter Hancock on September 1st. According to coverage from Property/Casualty 360: “Benmosche came out of retirement in August 2009 to take over a company reeling from losses on failed housing-market bets, and led the insurer for half a decade. He put New York- based AIG on the road to repaying taxpayers and along the way, the always-tan, silver-haired Benmosche became the most outspoken AIG chief since Maurice ‘Hank’ Greenberg, who was forced out in 2005 as the insurer was investigated for accounting irregularities.”
Read full coverage from Property/Casualty 360 here.