Brian Duperreault, one of the most experienced managers in the property-casualty insurance industry, will be AIG’s seventh CEO since 2005. Duperreault, who spent time at AIG earlier in his career, will begin his role immediately, the New York-based insurer said Monday in a statement. He is stepping down as CEO of Hamilton Insurance Group and succeeds Peter Hancock, who said in March he would depart AIG amid insufficient support from investors. Before joining Hamilton, he was CEO of insurance broker Marsh & McLennan Cos., where he helped revive confidence of investors and clients. ‘Excellent grasp’Duperreault “has an excellent grasp of the global insurance industry and he has proven to be a real innovator over many decades,” Weill said in an email.

Source: Mint May 15, 2017 13:07 UTC