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Management Strategies

08:39 AM
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AIG's Benmosche Diagnosed with Cancer

Currently undergoing "aggressive" chemotherapy, Benmosche reports feeling well and able to work his normal schedule.

AIG has announced that president and CEO Bob Benmosche has been diagnosed with cancer and is undergoing what an AIG statement characterizes as aggressive chemotherapy.

"The good news is that I feel fine and continue to work according to my normal schedule," Benmosche comments in an AIG news release. "As for my long-term prognosis, I will have a better idea over the next couple of months what that will look like as I continue to undergo treatment and my doctors refine their diagnosis. All that said, I remain absolutely committed to my job, to AIG, and to all of our stakeholders."

"AIG is executing on an established, clear roadmap to repay taxpayers," Benmosche continues. "Just in the last week we have made extraordinary progress on a key asset divestiture. I am confident in our momentum, and, with our employees, fully committed to delivering on AIG's core priorities: repaying taxpayers, meeting all of the company's obligations to its various stakeholders and restructuring the company so that it emerges as a smaller, more focused enterprise worthy of investor confidence."

Steve Miller, chairman of AIG's board of directors says, "Our thoughts and prayers are with Bob and his family at this time. In the last year, Bob has made a profound impact on AIG, and under his leadership, AIG has built a very strong management team that is working hard to repay taxpayers. Speaking for the board, we have every confidence that we will all continue to work together smoothly and without interruption as AIG executes its repayment roadmap. At the same time, we will make sure that we engage in appropriate contingency planning to ensure management continuity."

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio

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