AIG announces leadership changes, terminates interim CFO

American International Group, Inc (AIG) has announced a leadership change terminating its interim Chief Financial Officer Mark Lyons. He was also Executive Vice President, Global Chief Actuary and head of portfolio management.

His termination was announced after AIG became aware that he violated his confidentiality/non-disclosure obligations to the company.

Sabra Purtill has been named AIG’s interim Chief Financial Officer and Turab Hussain has been named AIG’s interim Global Chief Actuary.

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, 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).

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.