AIG CEO Duperreault Says He's Not Planning to Break Up Insurer
- Chief executive plans to deploy capital for expansion plans
- Duperreault sees value in AIG continuing multi-line offerings
AIG Appoints Hamilton's Duperreault as New CEO
This article is for subscribers only.
Brian Duperreault, who took over as chief executive officer of American International Group Inc. on Monday, said he’s not planning to split up the company as some activists have urged.
“I didn’t come here to break the company up. I came here to grow it,” Duperreault, 70, said at AIG’s consumer-insurance investor day, adding that the New York-based company’s multi-line structure is beneficial. “Capital will also be deployed to expand and grow our businesses with the goal of building long-term shareholder value.”