Reinsurance News

AIG recruits Sabra Purtill from The Hartford as Deputy CFO

21st August 2019 - Author: Matt Sheehan

American International Group, Inc. (AIG) has announced the appointment of Sabra Purtill as Deputy Chief Financial Officer (CFO), Head of Treasury, Investor & Rating Agency Relations, and Corporate Development.

sabra-purtill-aigcIn this newly established role, Purtill will oversee AIG’s engagement with key financial stakeholders, including ratings agencies and the investor community, in a way that supports AIG’s business objectives.

She will also oversee AIG’s treasury and credit banking functions and coordinate with the businesses regarding corporate development.

Purtill arrives at AIG from The Hartford Financial Services Group, Inc., where she has served for the past eight years, most recently as Senior Vice President, Investor Relations & Treasurer.

In this capacity, she managed rating agency, credit and investment banking and investor relationships.

Prior to this, Purtill was Managing Director, Investor Relations & Communications, at Assured Guaranty Ltd., before which she was a Corporate Finance Officer at ACE Limited, (now Chubb Limited).

Over her more than 30-year career, Purtill also spent time in sell-side research at ABN AMRO Incorporated, Keefe, Bruyette & Woods, Advest Group, Inc. and Conning & Co.

She began her career in corporate finance at Chase Manhattan Bank, N.A., progressing to insurance ratings at Standard & Poor’s and then to mergers and acquisitions at Merrill Lynch.

Purtill will take up her new role at AIG effective from August 28. She will be based in New York, reporting to Mark Lyons, AIG’s Executive Vice President and CFO.

“Sabra is a recognized leader who brings to AIG extensive experience within the insurance industry and strong finance, treasury, and communication expertise,” said Lyons.

“Aligning our investor and ratings agency relations, treasury and corporate development functions will enhance our ability to serve AIG’s businesses as we continue to deliver on our strategic, financial and operational objectives,” he added.

Purtill also commented: “I am honored to join AIG at this important time. I look forward to working with Mark and colleagues across AIG, contributing to both executing the company’s growth initiatives and to helping investors understand and evaluate AIG’s progress toward our strategic and financial goals.”

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