AIG CEO on split News

Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter Hancock, Credit Suisse Group AG said. While Icahn may succeed in …

American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets. The stock declined …