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AIG Appoints Keith Walsh Executive Vice President, Chief Financial Officer

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AIG has announced the appointment of Keith Walsh as Executive Vice President and Chief Financial Officer, effective October 21, 2024. Walsh, with over 25 years of finance leadership experience, will lead AIG's global Finance organization and join the Executive Leadership Team, reporting to CEO Peter Zaffino. He comes from Marsh McLennan, where he was CFO of Marsh, and previously headed Investor Relations. Walsh succeeds Sabra Purtill, who has served as CFO since January 2023 and will continue working on strategic projects and advise Walsh during the transition.

Zaffino expressed confidence in Walsh's financial expertise and investor experience in the insurance industry. Walsh, holding degrees from Albany-SUNY and NYU Stern, stated his eagerness to contribute to AIG's next phase of growth and industry leadership.

AIG ha annunciato la nomina di Keith Walsh come Vice Presidente Esecutivo e Direttore Finanziario, con effetto dal 21 ottobre 2024. Walsh, con oltre 25 anni di esperienza nella leadership finanziaria, guiderà l'organizzazione Finanziaria globale di AIG e entrerà a far parte del Team di Leadership Esecutiva, riportando direttamente al CEO Peter Zaffino. Proviene da Marsh McLennan, dove era CFO di Marsh, e in precedenza ha guidato le Relazioni con gli Investitori. Walsh succede a Sabra Purtill, che ha ricoperto il ruolo di CFO da gennaio 2023 e continuerà a lavorare su progetti strategici e a consigliare Walsh durante la transizione.

Zaffino ha espresso fiducia nella competenza finanziaria e nell'esperienza di investitore di Walsh nel settore assicurativo. Walsh, laureato ad Albany-SUNY e NYU Stern, ha dichiarato la sua voglia di contribuire alla prossima fase di crescita e leadership di settore di AIG.

AIG ha anunciado el nombramiento de Keith Walsh como Vicepresidente Ejecutivo y Director Financiero, con efecto a partir del 21 de octubre de 2024. Walsh, con más de 25 años de experiencia en liderazgo financiero, liderará la organización Financiera global de AIG y se unirá al Equipo de Liderazgo Ejecutivo, reportando al CEO Peter Zaffino. Proviene de Marsh McLennan, donde fue CFO de Marsh, y anteriormente dirigió Relaciones con Inversores. Walsh sucede a Sabra Purtill, quien ha servido como CFO desde enero de 2023 y continuará trabajando en proyectos estratégicos y asesorando a Walsh durante la transición.

Zaffino expresó confianza en la experiencia financiera y en su conocimiento sobre inversionistas en la industria de seguros. Walsh, con títulos de Albany-SUNY y NYU Stern, manifestó su entusiasmo por contribuir a la próxima fase de crecimiento y liderazgo de AIG en la industria.

AIG는 Keith Walsh를 부사장 겸 최고재무책임자(CFO)로 임명했다고 발표했으며, 이 인사는 2024년 10월 21일부터 효력이 발생합니다. Walsh는 25년 이상의 재무 리더십 경험을 가지고 있으며, AIG의 글로벌 재무 조직을 이끌고 경영진 리더십 팀에 합류하여 CEO Peter Zaffino에게 보고할 것입니다. 그는 Marsh McLennan에서 Marsh의 CFO를 역임했으며, 이전에는 투자자 관계를 담당했습니다. Walsh는 2023년 1월 이후 CFO 역할을 맡았던 Sabra Purtill의 뒤를 잇습니다. Purtill은 전략 프로젝트에 계속 참여하고 부임 기간 동안 Walsh를 조언할 것입니다.

Zaffino는 보험 산업에서 Walsh의 재무 전문성과 투자자 경험에 대한 자신감을 표명했습니다. Albany-SUNY와 NYU Stern에서 학위를 취득한 Walsh는 AIG의 성장 및 산업 리더십 다음 단계에 기여하고 싶다는 의사를 밝혔습니다.

AIG a annoncé la nomination de Keith Walsh en tant que Vice-Président Exécutif et Directeur Financier, avec effet à partir du 21 octobre 2024. Walsh, fort de plus de 25 ans d'expérience en matière de leadership financier, dirigera l'organisation financière mondiale d'AIG et rejoindra l'équipe de direction exécutive, reportant au PDG Peter Zaffino. Il vient de Marsh McLennan, où il était CFO de Marsh, et a précédemment dirigé les relations avec les investisseurs. Walsh succède à Sabra Purtill, qui a occupé le poste de CFO depuis janvier 2023 et continuera à travailler sur des projets stratégiques tout en conseillant Walsh durant la transition.

Zaffino a exprimé sa confiance dans l'expertise financière et l'expérience d'investissement de Walsh dans le secteur de l'assurance. Walsh, titulaire de diplômes de Albany-SUNY et NYU Stern, a déclaré être impatient de contribuer à la prochaine phase de croissance et de leadership d'AIG dans l'industrie.

AIG hat die Ernennung von Keith Walsh zum Executive Vice President und Chief Financial Officer (CFO), wirksam ab dem 21. Oktober 2024, bekannt gegeben. Walsh, der über 25 Jahre Erfahrung in der finanziellen Führung verfügt, wird die globale Finanzorganisation von AIG leiten und dem Executive Leadership Team beitreten, wo er an CEO Peter Zaffino berichten wird. Er kommt von Marsh McLennan, wo er CFO von Marsh war, und hat zuvor die Investor Relations geleitet. Walsh folgt auf Sabra Purtill, die seit Januar 2023 als CFO tätig ist und weiterhin an strategischen Projekten arbeiten sowie Walsh während der Übergangsphase beraten wird.

Zaffino äußerte Vertrauen in Walshs finanzielle Expertise und Investorerfahrung in der Versicherungsbranche. Walsh, der Abschlüsse von Albany-SUNY und NYU Stern besitzt, erklärte, dass er darauf brenne, AIGs nächste Wachstumsphase und Branchenführerschaft zu fördern.

Positive
  • Appointment of experienced financial executive Keith Walsh as CFO
  • Walsh brings 25+ years of finance leadership experience in the insurance sector
  • Smooth transition planned with outgoing CFO Sabra Purtill staying on as advisor
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024. Mr. Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino and become a member of the Executive Leadership Team. He will be responsible for leading AIG’s global Finance organization and will be based in New York.

Keith Walsh (Photo: Business Wire)

Keith Walsh (Photo: Business Wire)

“Keith is a highly accomplished executive with deep financial expertise and significant investor experience in the financial services sector, particularly the insurance industry,” said Peter Zaffino, Chairman & CEO, AIG. “I am very confident that he will be an excellent addition to our executive leadership team and brings outstanding leadership to our global Finance organization.”

“AIG has executed an exceptional business and financial turnaround, and I am honored to join this iconic company in its next phase of industry leadership and growth,” said Mr. Walsh. “I look forward to working closely with Peter Zaffino and AIG’s executive leadership team, as well as leading AIG’s talented global Finance organization as we continue to deliver for the company’s stakeholders and enhance shareholder value.”

With more than 25 years of finance leadership experience, Mr. Walsh joins AIG from Marsh McLennan, where he served as Chief Financial Officer of Marsh. From 2012 to 2017, he was Vice President and Head of Investor Relations for Marsh McLennan Companies. Previously, Mr. Walsh spent 14 years as an equity research analyst at Citi where he covered the insurance sector. He holds a Bachelor of Science degree from the University at Albany-SUNY and a Master of Business Administration from NYU Stern School of Business.

In this role, Mr. Walsh succeeds Sabra Purtill, who has served as Chief Financial Officer since January 2023. Ms. Purtill will continue to report to Mr. Zaffino working on strategic projects and will act as an advisor to Mr. Walsh to enable a smooth transition. Following a distinguished career in which Ms. Purtill served in senior leadership roles in financial services and insurance companies, she joined AIG in 2019 as Deputy Chief Financial Officer and Treasurer. She subsequently served as AIG’s Chief Risk Officer from 2021 to 2022 helping the company navigate the pandemic while enhancing AIG’s profile with stakeholders including the financial community. From April 2022 Ms. Purtill served as Chief Investment Officer of Corebridge Financial before returning to AIG in January 2023.

“I would like to thank Sabra for her significant value and contributions during an important period as we improved our financial performance and positioned AIG for the future,” said Mr. Zaffino. “Sabra took on several complicated roles during important moments of AIG’s transformation. Among her many accomplishments, Sabra helped to focus our company on maximizing shareholder value as a leading global insurer.”

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Quentin McMillan (Investors): quentin.mcmillan@aig.com

Leah Gerstner (Media): leah.gerstner@aig.com

Source: American International Group, Inc.

FAQ

When will Keith Walsh start as CFO of AIG?

Keith Walsh will start as Executive Vice President and Chief Financial Officer of AIG on October 21, 2024.

What is Keith Walsh's previous experience before joining AIG?

Keith Walsh was previously the Chief Financial Officer of Marsh at Marsh McLennan. He also served as Vice President and Head of Investor Relations for Marsh McLennan Companies from 2012 to 2017, and spent 14 years as an equity research analyst covering the insurance sector at Citi.

Who is Keith Walsh replacing as CFO at AIG?

Keith Walsh is succeeding Sabra Purtill, who has served as Chief Financial Officer of AIG since January 2023.

What will happen to Sabra Purtill after Keith Walsh becomes CFO of AIG?

Sabra Purtill will continue to report to CEO Peter Zaffino, working on strategic projects and acting as an advisor to Keith Walsh to enable a smooth transition.

American International Group, Inc.

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