AIG appoints Brian DUPERREAULT President and Chief Executive Officer

18 May 2017 — Vlad BOLDIJAR
brian_duperreault2American International Group (AIG) announced the appointment of Brian DUPERREAULT, former CEO of HAMILTON Insurance Group. as President, Chief Executive Officer and Director effective May 14, 2017.

Brian DUPERREAULT has resigned as Chairman and CEO of HAMILTON Insurance Group, while, Peter HANCOCK resigned as President, CEO and Director concurrent with Brian DUPERREAULT's appointment.

Douglas STEENLAND, AIG's Chairman of the Board, said: "Brian is uniquely qualified to lead AIG at this important time. Brian has spent his entire career in insurance. He worked for AIG for 21 years at the start of his career, so he knows this company well. He was the CEO of ACE, one of our main competitors. He ran MARSH & McLennan Companies, one of AIG's largest broker partners. At HAMILTON, he introduced cutting edge data science and analytics into the insurance business. He is a hands-on leader who has consistently delivered strong bottom-line results."

Douglas STEENLAND continued: "The Board and I want to thank Peter HANCOCK for his leadership in positioning AIG for the future. During his tenure, Peter set the course for the company to deliver higher quality, more sustainable earnings and dramatically reduced reserve risk. We are grateful for his leadership over the past seven years."

Brian DUPERREAULT previously served as Chairman and Chief Executive Officer of HAMILTON Insurance Group, a Bermuda-based holding company, with property and casualty insurance and reinsurance operations in Bermuda, the U.S. and the UK.

Prior to this, Brian DUPERREAULT was President and Chief Executive Officer of MARSH & McLennan Companies, a global professional services firm offering clients advice and solutions in risk, strategy and people, from 2008 to 2012.

Before joining MARSH, he served for two years as non-executive Chairman of ACE Limited, an insurance and reinsurance company, and CEO of ACE Limited from October 1994 through May 2004.

Prior to joining ACE, Brian DUPERREAULT served in various senior executive positions with AIG and its affiliates from 1973 to 1994.

Brian DUPERREAULT said: "It is a privilege to return and lead AIG. I look forward to building on AIG's nearly 100-year heritage as one of the world's leading insurers for its next century."