AIG CEO Peter Hancock to resign

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FILE PHOTO: AIG CEO Peter Hancock speaks during the White House summit on cybersecurity and consumer protection in Palo Alto, California February 13, 2015. REUTERS/Robert Galbraith (Copyright Reuters 2017)

American International Group said Chief Executive Peter Hancock has informed the board that he plans to resign.

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Hancock will remain CEO until a successor has been named, the company said.

(Reporting by Nikhil Subba in Bengaluru; Editing by Saumyadeb Chakrabarty)