Duperreault named as new CEO of AIG

WASHINGTON: American International Group named Brian Duperreault as its new chief executive, the Wall Street Journal reported, citing sources on Thursday. Duperreault and AIG are working out final details of his employment contract‎ and are very close to final agreement, and an announcement could come out soon, WSJ said. Duperreault is currently the head of Hamilton Insurance Group. AIG and Hamilton Insurance Group did not respond to requests for comment outside regular business hours. AIG’s current CEO Peter Hancock said in March that he would step down from his position, a decision he took after the insurer’s poor financial performance frustrated shareholders and the board of directors. — AFP