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AIG Names Brian Duperreault President and CEO

Good News-SF
May 15, 2017

American International Group, Inc. (AIG), has appointed Brian Duperreault as president, CEO, and director, effective May 14, 2017. Mr. Duperreault has resigned as chairman and CEO of Hamilton Insurance Group. Peter D. Hancock resigned as AIG's president, CEO, and director concurrent with Mr. Duperreault's appointment.

Douglas M. 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. He has demonstrated a passion for deploying new and innovative ways to serve clients. All of this will enable Brian to help AIG achieve its full potential to be the leading insurance company.

"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," Mr. Steenland continued.

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

"In my discussions with the Board and management team, I have been impressed with the progress made," he continued. "I look forward to working with AIG's global team to build on this momentum to grow the business, and continue delivering innovative solutions and extraordinary service to clients. I also welcome the opportunity to continue AIG's work with Hamilton and Two Sigma to become the most technology-enabled and capital-efficient carrier in the industry."

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