AIG Announces $3B Stock Buyback

The transcript discusses the pressure on Peter Hancock to improve AIG's performance, focusing on key metrics like return on equity. It highlights the challenges posed by low interest rates and external factors like Brexit on AIG's profitability. The company is in a restructuring phase, aiming to cut costs and manage risks. AIG's strategies include a $3 billion buyback to satisfy shareholders, with a focus on asset management and cost reduction.

What external factors are influencing AIG's business strategy currently?

In what ways is Peter Hancock addressing the concerns of board members like Karl Icahn and John Paulson?