Brian Duperreault News

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 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. …

A.M. Best Places Credit Ratings of Hamilton Re & Subsidiaries Under Review

A.M. Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Bermuda-based Hamilton Re Ltd., under review with developing implications. Also under review are Wilmington, Del.-based Hamilton Specialty Insurance Co. and Hamilton …

Hamilton Taps Freda as Chairman, Brown as Interim Group CEO, After Duperreault Resigns

Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to the position of chairman of the board and David …

AIG to Name Hamilton’s Duperreault as CEO: Wall Street Journal

The Wall Street Journal is reporting that American International Group Inc. plans to name Brian Duperreault, founder and CEO of Hamilton Insurance Group, as CEO, replacing Peter Hancock. The publication cited people familiar with the matter. Duperreault, 70, has extensive …

CFOs Must View Their Companies ‘Holistically’: Hamilton’s CFO Reiss

A successful chief financial officer needs to be collegial, cooperative, highly visible and a strategic thinker who has the ability to view corporate risks holistically, according to Jonathan Reiss, CFO of Bermuda-based Hamilton Insurance Group. In addition to assessing underwriting …

Former Citigroup Head, Weill, Steps Down as Chairman of Hamilton Insurance

Sanford “Sandy” Weill, the former head of Citigroup Inc., has stepped down as chairman of Hamilton Insurance Group, the Bermuda-based company backed by quantitative hedge fund firm Two Sigma Investments. Weill, 82, is retiring effective immediately, and will be replaced …

ABIR Elects O’Donnell, Duperreault to Chair Posts

The Association of Bermuda Insurers and Reinsurers (ABIR) announced that following the results of a special election to fill a vacancy, Kevin O’Donnell, President and CEO of RenaissanceRe Holdings Ltd., was elected First Deputy Chair and Brian Duperreault, Hamilton Insurance …

Hardy Pickering Promoted to Chief Financial Officer of Hamilton Re

Bermuda-based Hamilton Insurance Group, the holding company for insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that Vanessa Hardy Pickering has been promoted to the position of chief financial officer of Hamilton Re. Hardy Pickering, who …

Duperreault’s Hamilton Seeking Takeovers as IPO Likely

Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job is to continually look for …