Editor's Comment: A significant loss for AIG?
The news that AIG’s UK managing director Jacqueline McNamee is among those implicated in the cost-cutting and restructuring initiative for the insurer, which is expected to cost $500m (£326.9m) but also create annualised savings of $400m to $500m, has come as something of a shock to the market.
The restructure, which will result in the departure of up to 400 senior executives globally, was rolled out after the firm posted a $231m (£153m) loss in the third quarter of 2015. However, according
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