AIG says Peter Hancock to replace Robert Benmosche as CEO

June 10 Tue Jun 10, 2014 4:22pm EDT

June 10 (Reuters) - American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1.

Hancock, the head of the insurer's global property-casualty business, succeeds Robert Benmosche, who will retire in September.

Benmosche will take up an advisory role at AIG, the company said in a statement. (Reporting by Avik Das in Bangalore; Editing by Simon Jennings)