AIG Executives Outline Path to Underwriting Profit in 2019

Article 0 Comments “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 and chief executive officer, American International Group […]

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

Article 0 Comments 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 Lower Manhattan office to interview for an […]

AIG CEO Expects More Trading of Insurance-Linked Assets

Article 0 Comments 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 developed over the past couple of decades […]

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

Article 0 Comments 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 a straight line but it is an […]

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

Article 0 Comments 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 Duperreault, who took charge more than a […]

AIG Shareholders Approve $43 Million Compensation for CEO Duperreault

Article 0 Comments 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 favor and 267,108,670 shares against, the company […]

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

Article 0 Comments 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) and Glass Lewis, have advised shareholders to […]

Here’s What AIG Paid CEO Duperreault

Article 0 Comments 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 the components of Duperreault’s pay but not […]