Global insurer and reinsurer, American International Group, has announced that Sabra Purtill, who has served as Interim Chief Financial Officer (CFO) since January 2023, has been named to the role on a permanent basis, effective immediately.
Shane Fitzsimons will step down from his position following a medical leave of absence.
Peter Zaffino, Chairman & Chief Executive Officer of AIG, commented, “Shane played a critical role in the successful execution of major strategic initiatives, including AIG 200, our company-wide transformation program, the operational separation of the Life and Retirement business from AIG, and the Corebridge IPO, to name a few.
“I am personally very grateful for his partnership and the lasting contributions he made across the organization. On behalf of the AIG Board of Directors and all our colleagues, I wish Shane the very best as he focuses on his health and his family.”
Purtill previously served as Chief Investment Officer of Corebridge Financial, having also served as AIG’s Executive Vice President and the Chief Risk Officer, and Deputy CFO.
Prior to 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).
Zaffino concluded, “We are fortunate to have Sabra as part of our leadership team. She has held several senior roles at the company since first joining AIG in 2019 and, coupled with her significant industry experience and strong financial background, will provide important continuity in the Chief Financial Officer position. I look forward to continuing to work with Sabra as we execute on AIG’s strategic priorities and position the company for the future.”
Purtill became the Interim CFO following the termination of Mark Lyons from his role as Interim Chief Financial Officer (CFO) and Executive Vice President, Global Chief Actuary and Head of Portfolio Management after he violated his confidentiality/non-disclosure obligations to the firm.
