American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive to lose a $17 million job before he’d even started.
This week, they got an answer.
Lloyd’s of London, the giant insurance marketplace where Neal served as chief executive officer until earlier this year, said Wednesday that it has been investigating his conduct since last month. The Wall Street Journal reported the same day that AIG withdrew its offer to Neal after learning of the probe, which centered ...
