york-based insurer: 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, according to The Japan Times. The new CEO will seek to bring stability to AIG, which has endured the departure of top executives, higher than expected claims costs and four losses in seven quarters. 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. Before joining Hamilton, he was CEO of insurance broker Marsh & McLennan Cos., where he helped revive confidence of investors and clients. What Duperreault brings is not only a background in restructuring within property-and-casualty, but stature within the industry and a proven track record for being able to attract talent, Ryan Tunis, an analyst at Credit Suisse Group AG said last week. He also led Ace Ltd., which is now known as Chubb Ltd. and is one of AIG's largest rivals.
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