AIG CEO Brian Duperreault News

AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Plans Operational Overhaul

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 …

‘I Have to Earn My Living,’ Says AIG CEO After Close Shareholder Vote on His Pay

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 …

Only 55% of AIG Shareholders OK $21 Million Compensation for CEO Duperreault

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 …

Advisory Firms Urge ‘No’ Vote on AIG Execs’ Pay Packages

American International Group Inc. shareholders should vote against compensation packages for top executives at the insurer’s annual meeting next week, according to two advisory firms that hold sway over investor votes. Institutional Shareholder Services Inc and Glass Lewis & Co, …

AIG Scores P/C Insurance Profit in Q1

Insurer American International Group Inc. reported first-quarter earnings that trounced Wall Street estimates on Monday, as its general insurance business posted its first underwriting profit since the financial crisis. Shares of the company rose more than 6 percent after Chief …

AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation

Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault’s …

AIG Sells Entire Stake in China’s PICC Group at a Discount

American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December 2012 — Hong Kong’s benchmark Hang …

AIG Executives Outline Path to Underwriting Profit in 2019

“We do see it coming. We expect that in 2019 we’re going to be in an underwriting profit position, not a great one, but a profit. And we’ll move from there to a great one.” So said Brian Duperreault, president …

CEO Duperreault Bets on Underwriting Culture, Greenberg Ways in Restoring AIG to Greatness

Brian Duperreault, who rejoined American International Group Inc. as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail toward greatness. In 1973, Duperreault arrived at AIG’s old …

AIG CEO Expects More Trading of Insurance-Linked Assets

American International Group Inc. Chief Executive Brian Duperreault said on Wednesday he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities. The insurance linked securities (ILS) market, which …