(Bloomberg) — American International Group Inc. veteran Brian Schreiber, who shepherded multibillion-dollar deals that expanded the company and then shrank it after the 2008 credit crisis, is departing as the insurer overhauls management.
Seraina Maag, who rose to oversee regional operations after joining in 2013, also is leaving, Chief Executive Officer Peter Hancock wrote in memos to employees on Monday. The country heads that reported to Maag will work under commercial and consumer segments, which are run by Rob Schimek and Kevin Hogan.
Much of AIG’s leadership team has disbanded since Hancock became CEO in September 2014 and focused on shrinking and simplifying the company. In November, he said he would eliminate more than 20% of the top 1,400 senior employees, and some of the highest-ranking and longest-serving executives later announced their departures. The latest exits follow a review of how the New York-based company runs operations internationally.
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