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American International cluster Inc. has been forced to rethink its succession plans when its chairman Steve Miller announced he was taking employment as chief govt officer of an aviation manufacturer.

Miller was in line to function interim CEO ought to current CEO Robert Benmosche be unable to continue in his skilled capability. Benmosche has been undergoing cancer treatments since 2010.

Instead, Miller has accepted employment as CEO of Wichita, Kan.-based Hawker Beechcraft, that makes business, special-mission and trainer aircraft, per its web site.

Miller is currently continuing to function chairman of AIG's board. "Any amendment in that regard would be publicly disclosed," Mark Herr, a spokesman for AIG, said in a very statement.

Herr additionally noted Benmosche has said in a very recent interview that "he is feeling smart, desires to remain on past this year and continues to figure toward the taxpayers recovering their investment in AIG at a profit and returning the corporate to its pre-eminence because the most respected insurance company within the world."

AIG, whose name was battered within the wake of the money crisis and a subsequent bailout, has been operating to re-establish its whole. On Jan. 24, AIG announced plans to merge the cluster profit operations of 2 units into a replacement organization to be referred to as AIG profit Solutions. Also, a pilot program, that had been slated to expire next month, has been thus successful in selling term life insurance underneath the AIG whole that the corporate is getting to expand it.

Both examples mirror a come back to the AIG whole, a reputation the corporate had once tried to distance itself from when the company's federal bailout in 2008 (Best's News Service, Jan. 24, 2012).

AIG's subsidiaries currently have a Best's money Strength Rating of A (Excellent).

Shares of AIG were trading at $27.02 on the afternoon of Feb. 8, up 1.2% from the previous shut.