AIG building sign American International Group Inc. (AIG) signage is displayed at the company's headquarters office in New York. (Photo: Victor J. Blue/Bloomberg)

(Bloomberg) – American International Group Inc. awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer's chief executive officer.

The compensation includes $12 million in cash to replace awards Duperreault forfeited after leaving his previous job leading Hamilton Insurance Group Ltd., and stock options valued at $16.1 million, New York-based AIG said Tuesday in a regulatory filing.

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