AIG shares climb on Hancock exit

AIG shares climbed 1.6 percent in early New York trading as
investors reacted positively to the resignation of CEO Peter
Hancock.
The stock was trading up 1.58 percent at $64.44 as of 14:53 GMT
as markets digested the news, which was released before trading
began this morning.
Keefe Bruyette & Woods analyst Meyer Shields said the change
of leadership was a "significant positive" for the
company.
He said Hancock's past and present underperformance made it
"difficult to see how AIG...