Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations. The company received commitments from investors that include alternative asset manager …
American International Group (AIG) has officially named Peter S. Zaffino as chief executive officer, succeeding Brian Duperreault, AIG’s current CEO, who will become executive chairman of the board. Both moves are effective March 1, 2021. Duperreault’s move to executive chairman …
American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into an independent company. Peter Zaffino, currently AIG’s president and chief operating officer, will become its next CEO as of March …
American International Group Inc. faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay. Investors offered relatively weak support for AIG’s pay proposals in the …
American International Group reported fourth quarter 2019 net income of $922 million compared to a net loss of $622 million in the prior-year quarter. The results reflected improvement in its closely-watched General Insurance (property/casualty) division where the insurer posted an …
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as …
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created Carlyle-managed fund and T&D Holdings to acquire from …
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer’s ongoing efforts to shed excessively risky business. He also announced that AIG will be investing in operational improvements with a …
American International Group Inc. Chief Executive Officer Brian Duperreault said on Thursday the insurer is reaching out to shareholders, per its usual custom, who last month gave his $21 million compensation only narrow approval. Asked to comment on the recent …
American International Group Inc. said shareholders approved a $21 million pay package for Chief Executive Officer Brian Duperreault by only a narrow margin during the company’s annual meeting on Tuesday. A non-binding resolution to endorse the firm’s executive compensation received …
