May the speculation cease: American International Group Inc. (AIG) has appointed P&C insurance maven Brian Duperreault its new president, CEO and director.

Duperreault, 70, has resigned as chairman and CEO of Hamilton Insurance Group. He succeeds Peter D. Hancock, who recently resigned.

Additionally, AIG has agreed in principle to acquire Hamilton USA, the U.S. platform of Hamilton Insurance Group, to continue accelerating its application of data science and analytics to its underwriting. Hamilton Re and AIG will enter into a reinsurance strategic partnership in which Hamilton Re will have the opportunity to participate on market terms in an increased volume of AIG's ceded reinsurance. 

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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].