AIG acquisitions News

AIG’s Dealmaker CEO Duperreault Says Validus ‘Fits Like a Glove’

American International Group Inc. is getting bigger again. Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings …

New AIG CEO Duperreault Wants to Pursue Acquisitions, Slow Buybacks

American International Group Inc.’s new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. “I’d love to find great additions to the company. I think the important …

AIG Commercial Lines CEO Schimek Eyes Acquisitions for Value-Added, Not Scale

American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance operation said. “We are very active in looking at any way to …

AIG Names Schreiber Chief Strategy Officer, Eyes M&A Deals

American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to repay a U.S. bailout. Schreiber, 49, will oversee mergers and acquisitions, global planning, …