AIG Announces Leadership Changes
January 30 2023 - 5:07PM
Business Wire
American International Group (NYSE: AIG) today announced that it
terminated Mark Lyons from his position as AIG’s Interim Chief
Financial Officer and Executive Vice President, Global Chief
Actuary and Head of Portfolio Management after the Company became
aware that he violated his confidentiality/non-disclosure
obligations to the Company.
These violations were unrelated to the Company’s financial
statements, financial reporting generally and related disclosure
controls and procedures, or reserves. In recognition of Mr. Lyons’
contributions to AIG since he joined the Company in 2018, the
Company entered into a settlement agreement with Mr. Lyons.
Sabra Purtill has been named AIG’s Interim Chief Financial
Officer and Turab Hussain has been named AIG’s Interim Global Chief
Actuary.
Ms. Purtill previously served as Chief Investment Officer of
Corebridge Financial. Prior to that, she was AIG’s Executive Vice
President and Chief Risk Officer and Deputy Chief Financial
Officer. Before joining AIG, Ms. Purtill held senior leadership
roles in Finance and Investor Relations at The Hartford Financial
Services Group, Inc., Assured Guaranty Ltd. and ACE Limited (now
Chubb Limited).
Mr. Hussain previously served as AIG’s Chief Risk Officer,
General Insurance. Before joining AIG, he was Chief Risk and
Actuarial Officer at PartnerRe, Chief Insurance Risk Officer at The
Hartford Financial Services Group and also held senior actuarial
and underwriting roles at The Hartford, Arch Insurance Group and
American Reinsurance.
About AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions and other financial services to customers in
approximately 70 countries and jurisdictions. These diverse
offerings include products and services that help businesses and
individuals protect their assets, manage risks and provide for
retirement security. AIG common stock is listed on the New York
Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20230130005733/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com Dana
Ripley (Media): dana.ripley@aig.com
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