Hedge fund manager John Paulson is leaving the board of American International Group Inc., the Financial Times reported Wednesday.
A spokesman for New York-based Paulson & Co., which Mr. Paulson founded in 1994, declined to comment.
Mr. Paulson had been part of a revolt against CEO Peter Hancock, who agreed to step down last month on the heels of a $3 billion quarterly loss. Mr. Paulson and activist investor Carl Icahn had been pushing for change at AIG since 2015.
Paulson & Co., which had been among the company’s 20 largest shareholders, recently halved its stake to less than 0.5% percent, the Financial Times said.
Last month, Charles Murphy, the firm’s lead insurance analyst, died in an apparent suicide.
Peter Hancock will resign as president and CEO of American International Group Inc., the insurer announced Thursday.