American International Group Inc. promoted Peter Hancock to chief executive officer as the company focuses on growth after his predecessor stabilized the insurer and paid back a 2008 government bailout.
Alexander Y. Thomas was elected global managing partner of Reed Smith LLP for a three-year term starting Aug. 1, beating out Philadelphia partner John Martini, the vice chairman of the global business and finance department.
White & Case LLP advised Zimmer Holdings Inc., a maker of artificial hips and knees, in its acquisition of Biomet Inc. for $13.4 billion to increase its product range as demand recovers for orthopedic devices.
White & Case LLP hired five Linklaters LLP capital markets lawyers in Paris, all of whom join the firm as partners. Philippe Herbelin, Cenzi Gargaro and Séverin Robillard were partners at Linklaters. Gilles Endréo, formerly a partner at Linklaters, though now a consultant according to White & Case, and Thomas Le Vert, an associate, also join White & Case as partners.
Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.