Sabra Purtill has been named AIG's interim CFO

1 February 2023 —
American International Group (AIG) announced in a statement that Sabra Purtill has been named AIG's interim Chief Financial Officer and Turab Hussain has been named AIG's Interim Global Chief Actuary.

AIG representatives mentioned 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".

On January 10, AIG informed that Shane Fitzsimons, Executive Vice President and Chief Financial Officer, AIG, will take a temporary medical leave of absence, effective immediately. Without disclosing further details, AIG representatives mentioned that its former CFO and current Executive Vice President, Global Chief Actuary and Head of Portfolio Management - Mark Lyons will serve as interim CFO until Shane Fitzsimons' return.

Sabra 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, Sabra 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).

Turab 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.

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