The work goes on in the effort to strengthen Chartis, American International Group Inc.’s (AIG) global property/casualty business. AIG announced a reorganization that consists of naming a new management team that includes a new CEO, and splits its business into two global groups—commercial and consumer.

Peter Hancock, currently AIG EVP, Finance, Risk and Investments, succeeds Kristian Moor as Chartis CEO. Prior to joining AIG in February 2010, Hancock held positions at KeyCorp and J.P. Morgan, where he ran the Global Fixed Income Business and Global Credit Portfolio, and served as the firm’s CFO and Chairman of its Risk Management Committee.

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