AIG Pays Duperreault $43.1 Million in First Year as Firm's CEO

Duperreault, 70, who took over in May, is the company's seventh CEO since 2005. Peter Hancock, who preceded him, left after investors including Carl Icahn lost confidence in his leadership. Duperreault's first year was marred by natural disasters, including hurricanes and the California wildfires, which pushed AIG's catastrophe costs to a record $4.2 billion.

Duperreault also received $1.01 million in salary, a $2.13 million bonus and $11.1 million in restricted shares, which will vest over time based partly on the firm's performance relative to other insurers.

AIG spent $18.3 million in separation payments for three executives who departed last year, including Hancock. In 2016, the insurer paid more than $20 million to three top managers after they left.

—With assistance from Sonali Basak and Brian Louis.

— Read AIG Names Hamilton's Brian Duperreault Seventh CEO Since 2005 on ThinkAdvisor.

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