Global insurance carrier, American International Group, Inc. (AIG) has announced that Sabra Purtill will serve as Executive Vice President (EVP), Chief Risk Officer (CRO), based in New York.
Purtill has been serving as interim CRO for the company since February 2021 and now takes on the position in full, reporting to President and Chief Executive Officer (CEO), Peter Zaffino, and will join the AIG Executive Leadership Team.
As CRO, Purtill takes on oversight of AIG’s corporate risk management strategy on an enterprise-wide basis as the company continues to strengthen its culture of underwriting excellence with an appropriate risk appetite.
Prior to accepting this position, Purtill served as the firm’s Deputy Chief Financial Officer (CFO) overseeing Treasury, Rating Agency Relations, Investor Relations, and Corporate Development.
“A strong risk culture is imperative as we build momentum on our journey to become a top performing company,” said Zaffino.
“Today, large global companies are facing different and more complex risks than ever before, and our risk capabilities and processes must be modernized, agile and adaptable to facilitate our long-term growth strategy. Sabra has been a terrific contributor to AIG since she joined the company in 2019 and has a perspective with considerable breadth and depth in the insurance industry. I am confident she will continue to evolve our Enterprise Risk Management organization so that it addresses all facets of risk,” he continued.
She brings more than 30 years of professional experience to the role, primarily in the insurance industry, and has held numerous executive roles at several firms.
Before joining AIG in 2019, Purtill worked at The Hartford Financial Services Group as Senior Vice President (SVP), Investor Relations & Treasurer. Previously, she has served as Managing Director, Investor Relations & Communications, at Assured Guaranty Ltd. and prior to that was a Corporate Finance Officer at ACE Limited.
“I am privileged to step into this important executive role during this transformative time at AIG – and in the broader global environment – to help execute on a risk management framework that balances profitable growth with appropriate risk taking,” said Purtill.