American International Group News
New AIG Global COO Zaffino Gets Initial Pay Package Worth Over $8.5M
American International Group's new Global Chief Operating Officer Peter Zaffino starts his tenure at the struggling insurer with an initial pay package worth more than $8.5 million, according to a ...
AIG’s ‘Smart Contract’ Is First Multinational Insurance Policy Powered by Blockchain
American International Group, IBM and Standard Chartered Bank have successfully piloted what they say is the first multinational, "smart contract"-based insurance policy using blockchain. Utilizing ...
EXCLUSIVE: Hamilton Insurance Chief Strategy Officer Deutsch to Depart; Helped Build U.S., Lloyd’s Operations
Bob Deutsch, Hamilton Insurance Group's first-ever chief strategy officer, is leaving his position. Deutsch's planned departure after three years on the job is connected largely to several corporate ...
S&P Bumps AIG’s Rating Outlook Down to Negative, Despite New Leadership
American International Group made a big move recently in hiring Brian Duperreault to lead the struggling insurance giant, but Standard & Poor's was not impressed. The ratings agency revised its ...
Duperreault’s AIG Arrival Helped Free It From A.M. Best Review With Negative Implications
A.M. Best released American International Group from "under review" special scrutiny, in part because the struggling insurance giant brought in industry veteran Brian Duperreault to help right the ...
New AIG CEO Brian Duperreault: ‘I Didn’t Come Here to Break the Company Up’
New American International Group President and CEO Brian Duperreault began his first full day on the job publicly repudiating the idea of splitting the struggling insurer into pieces and simply ...
For AIG, Recruiting Duperreault as CEO Was an Expensive Proposition
American International Group's decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won't come cheap. To begin with, AIG will pay Hamilton $20 million to release ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...