AIG CEO Peter Hancock to resign

“significant positive” – one analyst on Hancock’s departure. The Gist: AIG CEO Peter Hancock is stepping down after posting four losses in six quarters, according to Bloomberg. Carl is being Carl.

Recall: On Feb. 24, Peter Hancock took to LinkedIn to state that they’ve “done a lot, but [are] not done yet” calling out three achievements. (1) AIG took steps to improve its reserve risk profile by partnering with a unit of Berkshire Hathaway, which will also give it additional risk capacity. (2). AIG lowered its operating expenses by 10%, surpassing its target of 6% by $400 million while focusing on its core insurance operations. (3) It adopted a modular structure.

To end on a good note…