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

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

Additionally, AIG has agreed in principle to acquire HamiltonUSA, the U.S. platform of Hamilton Insurance Group, to continueaccelerating its application of data science and analytics to itsunderwriting. Hamilton Re and AIG will enter into a reinsurancestrategic partnership in which Hamilton Re will have theopportunity to participate on market terms in an increased volumeof 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].