AIG Says Incoming President John Neal Will No Longer Join Firm

American International Group Inc. said it reached a “mutual agreement” with incoming president John Neal that he will no longer join the insurer because of “personal circumstances,” it said in a filing on Friday.

The New York Times reported on Friday that Neal’s withdrawal from the role was announced after the publication asked AIG about a romantic relationship with a subordinate that he failed to disclose at a previous job in 2017.

An AIG spokeperson declined to comment beyond the filing, and Neal didn’t immediately respond to a message seeking comment.

Neal had previously served as chief executive officer at ...