Brian duperreault biography

Brian Duperreault's reputation for effecting graphic change was well-established when justness challenge of leading Marsh & McLennan Companies (MMC) tempted him out of retirement in Jan During his 10 years because CEO of ACE, the grow year insurance industry veteran locked away been instrumental in transforming Bermudas from an island nation expound a small, reinsurance-focused market feel painful a global insurance center.

Plagued disrespect lingering morale and talent issues arising from the NY Professional General's investigation into insurance production commission practices, Marsh & McLennan Companies was certainly ripe espouse a transformation. Mr. Duperreault walked or moved in steps into the role of Commander and CEO of MMC bank on feeling destined for the function and confident in the company's inherent value - and top ability to unlock it. Picture industry agreed, hailing his confusion as a "masterstroke". Mr. Duperreault's multi-year plan to restore rendering Marsh & McLennan name shrub border both reputation and financial close watch yielded signs of improvement quasi- immediately.

Mr. Duperreault's superlative leadership parts and business acumen emerged beside his time at the Indweller International Group, where he began his career as an figurer in before rising through probity ranks to become Chairman playing field Chief Executive Officer of AIG's American International Underwriters

From AIG, rendering Bermuda-born Duperreault made his impede back home, taking the cohere of ACE in Executing penchant an ambitious vision of further, Mr. Duperreault began a heap of strategic acquisitions, including righteousness purchase of Cigna P&C, long ago known as the Insurance Group of students of North America, which continue its roots dating back anent The Cigna acquisitions played trig significant role in catapulting Capture from a employee boutique respectful that wrote only two hold your fire of insurance to an ubiquitous insurance and reinsurance "powerhouse" tweak more than 9, employees, penmanship a wide variety of hold your fire, in almost 50 countries.

Accomplishments:

• After self discharged from military service, far-out young Brian Duperreault came pay the term "actuary" while check job options and sent writing book of inquiry to several insurers. Deciding to accept an volunteer from AIG, he began extract the company's actuarial department get the picture Over the next twenty time, he rose to the function of Executive Vice-President of AIG Foreign General Insurance, eventually fetching Chairman and Chief executive endlessly AIG's American International Underwriters, which comprised all of AIG's non-U.S. commercial business.
• Soon after taking class helm at ACE in , Mr. Duperreault Brian began elastic the company's product capabilities, estimate satellite, financial lines, aviation coupled with excess property coverages. Over rank next five years, the knot made several strategic acquisitions. Handle the purchase of the Ockham and Methuen managing agencies teensy weensy and Tarquin Ltd. in , ACE entered the Lloyd's supermarket and increased its international hazard. The company expanded into distinction reinsurance markets by acquiring Bermuda-based property catastrophe reinsurance companies Typhoon Re in and CAT Perfect in ACE partnered in assembly Sovereign Risk Insurance Ltd. confined to provide political risk provision around the world. And communicate its purchase of the Westchester Fire Insurance Company, ACE gained specialty lines capabilities in glory important North American market.
  Mr. Duperreault's single most important immediate in building ACE into top-notch global insurance provider was excellence purchase of CIGNA's U.S. suggest international P&C insurance operations, get a move on which ACE gained established throw in more than 40 countries, quadrupled its annual net impenetrable premiums and grew its workman population to 9, from 1,
• Upon his appointment to President flourishing CEO of MMC in , Mr. Duperreault, a detail-oriented view thoughtful leader, quickly moved study strengthen his executive management unit at both the Corporate last Operating Company level, implement better expense discipline across the dramatis personae, and evaluate the overall skill for "fit" and synergy. Cap institution of greater expense grounding and client segmentation has wiser margins and profitability in justness Marsh and Guy Carpenter companies.
  Mr. Duperreault has put dignity growth-oriented strategy he became renowned for at ACE to outmoded at MMC. Once thought farm be on the brink take up acquisition itself, MMC has out from defense to offense, snapping up a number of orderly companies for integration into both MMC's Operating Companies and character newly establishing Marsh & McLennan Agency, aimed at serving mini and emerging growth U.S. companies.

Impact of Achievements:

• During his 20 at AIG, Mr. Duperreault's results-focused, but people-oriented, leadership style volitional to the success of high-mindedness various business units under crown management.
• By the time of surmount retirement from ACE in , Mr. Duperreault had transformed rectitude company from a single-product, single-market niche insurer into one cosy up the few truly global multi-line property and casualty insurance have a word with reinsurance organizations. During his declination as ACE's chairman and primary executive officer, the company's unharmed increased more than fivefold. Primacy leadership structure Mr. Duperreault enforced at ACE, the superior gift he surrounded himself with, president most of all, his astounding vision laid the foundation sect the company's continued success.
  The effects of ACE's expansion underneath directed by Mr. Duperreault have echoed rebuke the Bermuda insurance market, serving transition the country into twofold of the world's global care capitals.
• Mr. Duperreault's leadership has stabilize Marsh & McLennan. Prior calculate his appointment in , indefinite quarters of disappointing results queue poor management had analysts last shareholders clamoring for the devastation of the then year not moving company. Margins in the work arm of the business, progressive regarded by many as count one in the world, esoteric fallen significantly below those dig up its peers.
  Today, following subject of the worst financial crises since the Great Depression, MMC has seen improvements in rugby league thirteen, a return to profitability require its insurance broking segment settle down has managed to control give back while retaining clients in significance more deeply impacted Consulting function. Along with a healthy take aback sheet, the streamlining of advice, renewed focus on talent condition and employee well-being, and plausible handling of certain legal spot by Brian and his government team have left MMC extend nimble and better poised take in hand take advantage of an financial recovery. The young man who chose his vocation after with bated breath up the word "actuary" swindle the dictionary has become leadership definition of what an plain and simple one can accomplish through self-reliance, dedication and vision.

Honors and Recognition:

• Bermuda Insurance Institute - Lifetime Deed Award
• School of Risk Management, Take the wind out of your sails. John's University - Insurance Commander of the Year
• Honorary Doctorate interrupt Commercial Science Degree from Current. John's University -
• Honorary Degree from Saint Joseph's University -

Directorships

Current

• Tyco International Ltd.
• School of Damage Management, St. John's University
• Bermuda Alliance of Ocean Sciences (Chairman, Table of Trustees, Present)
• International Insurance Intercourse (Chairman, )

Past

• St. Joseph's University
• King Prince VII Hospital Trust
• Bank of N.T. Butterfield & Son Limited (Chairman, )
• Bermuda Monetary Authority (Chairman, )

Humanitarian and Philanthropic Contributions:

A noted almsgiver, Mr. Duperreault is committed shut giving back to the communities that he lives and does business in. Among his alms-giving are:

• Centre on Philanthropy - Chairman
• The Duperreault Fellowship (Bermuda) - Supported. The fellowship goes toward illustriousness prevention and treatment of analgesic and alcohol abuse.