AIG CEO Brian Duperreault News

Proxy Firms Offer ‘Cautionary Support’ for AIG Executive Pay Before Shareholder Vote

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 …

AIG and P/C Underwriting Post Profit for Q4

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 …

‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually

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 …

AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion

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 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 …