American International Group , one of the biggest insurance corporations in the world, just named Peter Hancock as its new CEO. He'll start working on his new role on Sept. 1, replacing Robert Benmosche. What does this mean for the company going forward -- and for Jay Wintrob, head of AIG's life insurance and retirement business and reportedly the other top candidate for the job?

In the following video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss this headline from the banking sector.

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The article The Potential Downside to AIG's New Leader originally appeared on Fool.com.

David Hanson owns shares of American International Group. Matt Koppenheffer owns shares of American International Group. The Motley Fool recommends American International Group. The Motley Fool owns shares of American International Group and has the following options: long January 2016 $30 calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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