John Neal Withdraws from AIG Appointment
Global insurer AIG has announced that John Neal will not assume the role of President. This decision is due to personal circumstances, as confirmed by the company. Neal was expected to start his new position on December 1, 2025.
Background on John Neal
John Neal previously served as the Chief Executive Officer (CEO) of Lloyd’s. He held this position since October 2018. In January 2025, it was expected that he would transition to Aon as Global CEO of its reinsurance operation. However, by July, those plans changed, and he was slated to join AIG instead.
AIG’s Recent Developments
AIG’s announcement regarding Neal comes shortly after the company reported its third-quarter results for 2025. The General Insurance division achieved significant growth, with an underwriting income of $793 million. This figure reflects an impressive 81% increase compared to the same quarter in the prior year.
Future Management Plans
AIG Chairman and CEO Peter Zaffino will collaborate with the Board to determine the organizational structure of the company moving forward. This strategic planning aims to enhance performance for clients, partners, and stakeholders.
In summary, the withdrawal of John Neal from the AIG appointment marks a significant shift in the company’s leadership landscape. AIG continues to focus on its growth strategies amid impressive financial performance.
