AIG CEO Brian Duperreault News

AIG CEO Duperreault Vows Continued ‘Sense of Urgency’ on Reaching Elusive Profitability

After a disappointing second quarter, AIG CEO Brian Duperreault restated his pledge that the struggling insurer would reach an underwriting profit after 2018. He also cautioned that the road to profitability will continue to be a bumpy one. “It’s not …

AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve

American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …

AIG Shareholders Approve $43 Million Compensation for CEO Duperreault

American International Group Inc said shareholders approved a $43.1 million pay package for 2017 for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. A nonbinding resolution to endorse the executive compensation passed with 441,882,782 shares in …

Shareholders to Decide If AIG CEO Should be Paid $43 Million

American International Group Inc. faces an uphill climb to convince shareholders to approve a $43.1 million pay package for Chief Executive Officer Brian Duperreault during the company’s annual meeting on Wednesday. Two influential proxy advisory firms, International Shareholder Services (ISS) …

Here’s What AIG Paid CEO Duperreault

American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of former leader Maurice “Hank” Greenberg, had previously outlined …

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 …

AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment

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 Ltd., its largest standalone acquisition in 17 years. …

AIG Reported to Have Held Talks to Acquire Voya

American International Group Inc. may be back in the market for large-scale deals. The insurer was in talks to buy Voya Financial Inc. in a transaction valued at more than $10 billion before negotiations fell apart in November over the …

AIG Revives Lucrative Top Executive Pay Packages of Pre-Bailout Glory Days

American International Group Inc.’s new Chief Executive Brian Duperreault has pledged to revive the insurer’s glory days of top talent, underwriting discipline and fat profit margins. One thing he has already brought back: big pay packages. As he rejoined AIG …

AIG’s Q2 Results Feature Expense Savings, Consumer Business

Expense savings and strong results in its consumer insurance business were the highlights of the second quarter for American International Group Inc. After-tax operating income was $1.4 billion for the second quarter 2017 compared to $1.3 billion. Net income came …