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Business Briefing / Insurance

Concerns raised over AIG's CEO

August 13, 2009|TIMES WIRE REPORTS

American International Group Inc. said it was aware of potential conflicts of interest related to the hiring of former MetLife Inc. Chairman and Chief Executive Robert Benmosche as its new CEO and would deal with any conflicts.

Benmosche, 65, took over New York-based AIG on Monday. He replaced Edward Liddy, who took over last fall after the government bailed out the troubled insurer.

The Wall Street Journal reported the possible conflict of interest, saying AIG has been in talks with MetLife about a possible deal for all or part of one of AIG's largest foreign life insurance units.

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