AIG’s Benmosche Plans to Remain Until First Quarter of 2015

Feb 21, 2014 1:06 am ET

(Updates with comment from filing in the third paragraph.)

Feb. 20 (Bloomberg) -- American International Group Inc. Chief Executive Officer Robert Benmosche, who began chemotherapy treatment for cancer in 2010, intends to lead the company until the first quarter of next year.

The plan for Benmosche, 69, was stated today in the New York-based insurer’s annual filing with the Securities and Exchange Commission. Last year, the company said he expected to stay “beyond 2013.”

Benmosche “has been undergoing treatment for his disease,” AIG said in the filing. “He continues to fulfill all of his responsibilities.”

Benmosche took the CEO job in August 2009 after the insurer had received a U.S. government bailout that swelled to $182.3 billion. He sold units, paid back the rescue in December 2012 and rebranded the company’s main businesses by restoring the AIG name.

--Editors: Dan Reichl, Dan Kraut