AIG Pays Neal $2.7M After Withdrawing Job Offer

Dow Jones11-22

By Katherine Hamilton

American International Group paid $2.7 million to John Neal, who the company hired as president before reversing its decision.

The insurance company said Friday that it had finalized documentation relating to its decision not to appoint him, according to a filing. The payment covers foregone incentives at his former employer, AIG said.

Earlier this month, AIG withdrew its offer to Neal two weeks before he was slated to start, citing "personal circumstances." The Wall Street Journal reported that AIG learned Neal had been investigated for an alleged workplace affair while working at Lloyd's of London.

Neal was chief executive of Lloyd's for more than six years before stepping down in January.

Neal was set to become second-in-command at AIG, under Chief Executive Peter Zaffino. In the month before the offer's withdrawal, the company created a new team to report to Neal.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

November 21, 2025 17:59 ET (22:59 GMT)

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The payment covers foregone incentives at his former employer, AIG said. \n</p>\n<p>\n  Earlier this month, AIG withdrew its offer to Neal two weeks before he was slated to start, citing \"personal circumstances.\" The Wall Street Journal reported that AIG learned Neal had been investigated for an alleged workplace affair while working at Lloyd's of London. \n</p>\n<p>\n  Neal was chief executive of Lloyd's for more than six years before stepping down in January. \n</p>\n<p>\n  Neal was set to become second-in-command at AIG, under Chief Executive Peter Zaffino. 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The payment covers foregone incentives at his former employer, AIG said. \n</p>\n<p>\n  Earlier this month, AIG withdrew its offer to Neal two weeks before he was slated to start, citing \"personal circumstances.\" The Wall Street Journal reported that AIG learned Neal had been investigated for an alleged workplace affair while working at Lloyd's of London. \n</p>\n<p>\n  Neal was chief executive of Lloyd's for more than six years before stepping down in January. \n</p>\n<p>\n  Neal was set to become second-in-command at AIG, under Chief Executive Peter Zaffino. 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The payment covers foregone incentives at his former employer, AIG said. \n\n\n  Earlier this month, AIG withdrew its offer to Neal two weeks before he was slated to start, citing \"personal circumstances.\" The Wall Street Journal reported that AIG learned Neal had been investigated for an alleged workplace affair while working at Lloyd's of London. \n\n\n  Neal was chief executive of Lloyd's for more than six years before stepping down in January. \n\n\n  Neal was set to become second-in-command at AIG, under Chief Executive Peter Zaffino. In the month before the offer's withdrawal, the company created a new team to report to Neal. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 21, 2025 17:59 ET (22:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2585445121","isCrawlerRequest":true}