After he was discharged, he researched job ideas at a library, and came across an unfamiliar term, ”actuary.” After looking it up in the dictionary, he sent off letters to insurers.The video below is from Aug. 6 2008 when Mr. Duperreault was on CNBC discussing Marsh & McLennan’s makeover: He With his wife Nancy, he has three grown sons; Daniel, David, and Christopher.He was a math major at St. Joseph’s College in Philadelphia, and thought of becoming a professor of mathematics. Duperreault's entire career has been in the insurance industry, beginning in 1973 as an actuary at He was regarded as a likely successor to CEO Hank Greenberg, but as Greenberg showed no signs of retiring Duperreault left AIG in 1994 to head After retiring in 2006, upon request Duperreault came out of retirement in January 2008 to turn around the ailing Duperreault retired again on December 31, 2012, but soon became interested enough in cutting-edge In 2017, AIG, still underperforming after its long saga following the 2008 financial crisis, called upon Duperreault to turn around the company following then-CEO Peter Hancock's March 2017 resignation.
He started living with his Catholic single mother. Bloomberg, Duperreault spotlight Bermuda’s global value NEW YORK, March 22, 2019 (GLOBE NEWSWIRE) -- Industry titans Michael Bloomberg and Brian Duperreault highlighted Bermuda… He began his tenure as CEO by immediately curtailing share buybacks and instead using capital for acquisitions. According to the Associated Press, he received approximately $25 million in compensation for his first 11 months with the company.He is a noted philanthropist, giving generously to many organizations. Duperreault was hired as CEO of AIG In May 2017. He was Chief Actuary from 1978 to 1981,He was long considered by industry colleagues and Wall Street analysts to be a potential successor to Greenberg, but Greenberg showed no signs of retiring, and after 21 years at AIG, Duperreault resigned in September 1994 to head ACE Limited, one of AIG's competitors.In October 1994 Duperreault became the Chairman, President, and CEO of Having transformed ACE from a niche boutique Bermuda-based insurer to a major global multi-line insurer and reinsurer with more than 9,000 employees operating in 50 countries,In September 2004, four months after he stepped down as CEO, the ACE Limited board of directors honored Duperreault by establishing and funding the Brian Duperreault Endowed Chair for Risk Management and Insurance at Duperreault's alma mater, Saint Joseph's University.In May 2006 Duperreault retired, becoming non-executive chairman of ACE.Two years after retiring in 2006, upon request Duperreault came out of retirement in January 2008 to be President and CEO of the New York-based global firm Duperreault immediately put into action an emergency turnaround program, announcing plans to divest underperforming assets and immediately lay off hundreds of employees in an effort to restore profitability.In May 2008 he announced he would try to sell the risk-consulting and corporate-investigator firm In 2009 he led MMC to settle an investor lawsuit over the 2004 bid-rigging scandal without admitting or denying wrongdoing.After five years as President and CEO of Marsh & McLennan Companies, Duperreault retired on December 31, 2012.In 2013 Duperreault became intrigued with the use of cutting-edge Hamilton Insurance Group's initial action in December 2013 was purchasing the recently operational reinsurance business of the beleaguered hedge fund In February 2016, Weill retired as Chairman of Hamilton Insurance Group and Hamilton Re, and Duperreault succeeded him, retaining his position as CEO.In late 2016, Hamilton Insurance Group partnered with AIG and Two Sigma to create Attune, a data-enabled, algorithm-driven company that sells commercial insurance online to small and medium-sized businesses,In conjunction with Duperreault's hiring, AIG acquired Hamilton USA, its U.S. platform, and later renamed it Blackboard;Duperreault immediately announced that he would grow AIG, rather than shrink it or break it up.In late September 2017, federal regulators removed AIG's During his first year as CEO, Duperreault restructured the company into three new units: General Insurance, Life and Retirement, and a stand-alone technology unit called Blackboard Insurance; he eliminated AIG's prior separation into commercial and consumer businesses.In February 2019 Duperreault noted that before his arrival as CEO a company-wide "go large" strategy at AIG had created out-sized risk, volatility, and losses, often exacerbated by multi-year contracts.In June 2019 the company formed AIG Re, which consolidated its reinsurance operations, including Validus Re, AlphaCat, and Talbot Treaty, into one global business.In addition to being a member of the Board of Directors of AIG,He is a member of the Wall Street Journal CEO Council.He has played a significant role in developing Bermuda's charitable sector, and has been chairman of The Council Partners Charitable Trust, The Centre on Philanthropy, the He has championed diversity in employment, and has spoken on the need to actively confront unconscious bias when hiring.Since the mid 2010s Duperreault has led efforts to attract more Millennials to the insurance industry, both through outreach and through making the industry itself more empathetic, communicative, and tech-savvy – elements that Millennials want.Duperreault is currently based in the New York City area.
He also eliminated AIG's prior separation into commercial and consumer businesses, instead restructuring the company into three new units: General Insurance, Life and Retirement, and a stand-alone technology unit called Blackboard Insurance which had been Hamilton's U.S. division acquired by AIG upon his hiring.After college he enlisted in the U.S. Army during period of the Vietnam War; he spent three years doing clerical work at Duperreault had originally thought of becoming a professor of mathematics but, newly married, he decided he wanted a better income than an academic life could provide.At the age of 26 in 1973, shortly after completing his military service, Duperreault was hired at Duperreault rose steadily through several leadership positions. The chief executive of insurance giant AIG, Brian Duperreault and his wife, Nancy, are two of the four people listed as directors of George’s Bay Ltd in Bermuda Government records, along with Roland Andy Burrows, CEO of the Bermuda Business Development Agency, … Regarding his education and academic achievements, Brian attended Catholic schools and received his graduation from St. Anthony High School in 1965.