The insurer says that Kan Mabara will step down from Feb 1, after an internal probe found 100 staff profited from improper schemes affecting nearly 500 clients.
Confirmation of the independent investigation, which commenced last month, comes amid Neal’s withdrawal from AIG President role he was due to commence in December.
The Japanese insurer has told the Financial Services Agency that it has ended practices that risked distorting sales, including recruitment support for agents.
