AIG Broadcasts Management Modifications
NEW YORK, January 30, 2023–(BUSINESS WIRE)–American Worldwide Group (NYSE: AIG) at the moment introduced that it terminated Mark Lyons from his place as AIG’s Interim Chief Monetary Officer and Govt Vice President, International Chief Actuary and Head of Portfolio Administration after the Firm turned conscious that he violated his confidentiality/non-disclosure obligations to the Firm.
These violations have been unrelated to the Firm’s monetary statements, monetary reporting usually and associated disclosure controls and procedures, or reserves. In recognition of Mr. Lyons’ contributions to AIG since he joined the Firm in 2018, the Firm entered right into a settlement settlement with Mr. Lyons.
Sabra Purtill has been named AIG’s Interim Chief Monetary Officer and Turab Hussain has been named AIG’s Interim International Chief Actuary.
Ms. Purtill beforehand served as Chief Funding Officer of Corebridge Monetary. Previous to that, she was AIG’s Govt Vice President and Chief Threat Officer and Deputy Chief Monetary Officer. Earlier than becoming a member of AIG, Ms. Purtill held senior management roles in Finance and Investor Relations at The Hartford Monetary Providers Group, Inc., Assured Warranty Ltd. and ACE Restricted (now Chubb Restricted).
Mr. Hussain beforehand served as AIG’s Chief Threat Officer, Normal Insurance coverage. Earlier than becoming a member of AIG, he was Chief Threat and Actuarial Officer at PartnerRe, Chief Insurance coverage Threat Officer at The Hartford Monetary Providers Group and likewise held senior actuarial and underwriting roles at The Hartford, Arch Insurance coverage Group and American Reinsurance.
American Worldwide Group, Inc. (AIG) is a number one international insurance coverage group. AIG member corporations present a variety of property casualty insurance coverage, life insurance coverage, retirement options and different monetary companies to clients in roughly 70 international locations and jurisdictions. These numerous choices embody services and products that assist companies and people shield their belongings, handle dangers and supply for retirement safety. AIG widespread inventory is listed on the New York Inventory Trade.
Further details about AIG may be discovered at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with extra details about AIG have been supplied as a comfort, and the knowledge contained on such web sites will not be integrated by reference into this press launch.
AIG is the advertising and marketing title for the worldwide property-casualty, life and retirement and common insurance coverage operations of American Worldwide Group, Inc. For extra info, please go to our web site at www.aig.com. All services and products are written or supplied by subsidiaries or associates of American Worldwide Group, Inc. Services or products will not be out there in all international locations and jurisdictions, and protection is topic to underwriting necessities and precise coverage language. Non-insurance services and products could also be supplied by impartial third events. Sure property-casualty coverages could also be supplied by a surplus traces insurer. Surplus traces insurers don’t usually take part in state warranty funds, and insureds are subsequently not protected by such funds.
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