AIG to pay Neal $2.7M in ‘forgone incentives’
- February 21, 2025
- Posted by: Web workers
- Category: Finance
American International Group will pay former Lloyd’s of London CEO John Neal $2.7 million in “foregone incentives at his former employer,” the insurer disclosed Friday in a U.S. Securities and Exchange Commission filing.
Mr. Neal was scheduled to join AIG as president Dec. 1, but the insurer announced last week he would not be joining as planned “due to personal circumstances.”
On Wednesday, Lloyd’s disclosed that it was investigating “a prior matter” following a report that Mr. Neal was being investigated for an alleged affair with a subordinate.
AIG had hired Mr. Neal away from another prospective employer, Aon, earlier this year. He was scheduled to receive a $14.2 million pay package from AIG.
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