F&G Annuities & Life Announces Chief Financial Officer Transition
F&G Annuities & Life (NYSE: FG) has announced key executive changes effective April 1, 2025. Current CFO Wendy Young will transition to the newly created position of Chief Liability Officer, where she will lead liability management, reinsurance activities, and offshore entities. Conor Murphy has been appointed as the new Chief Financial Officer.
The organizational restructuring comes as F&G has experienced significant growth, more than doubling its assets under management through product diversification and distribution expansion. Murphy brings extensive industry experience, having previously served as President and CEO of Resolution Life US and held executive positions at Brighthouse Financial and MetLife.
CEO Chris Blunt emphasized that these changes are designed to effectively manage the company's growth and scale while maximizing profitability and return on equity for long-term shareholder value.
F&G Annuities & Life (NYSE: FG) ha annunciato importanti cambiamenti esecutivi che entreranno in vigore il 1 aprile 2025. L'attuale CFO Wendy Young passerà al nuovo ruolo di Chief Liability Officer, dove guiderà la gestione delle passività, le attività di riassicurazione e le entità offshore. Conor Murphy è stato nominato nuovo Chief Financial Officer.
La ristrutturazione organizzativa avviene in un momento in cui F&G ha registrato una crescita significativa, raddoppiando più del doppio i suoi attivi gestiti grazie alla diversificazione dei prodotti e all'espansione della distribuzione. Murphy porta con sé un'ampia esperienza nel settore, avendo precedentemente ricoperto il ruolo di Presidente e CEO di Resolution Life US e occupato posizioni esecutive presso Brighthouse Financial e MetLife.
Il CEO Chris Blunt ha sottolineato che questi cambiamenti sono progettati per gestire efficacemente la crescita e la scalabilità dell'azienda, massimizzando al contempo la redditività e il ritorno sul capitale per un valore azionario a lungo termine.
F&G Annuities & Life (NYSE: FG) ha anunciado cambios ejecutivos clave que entrarán en vigor el 1 de abril de 2025. La actual CFO Wendy Young pasará a la nueva posición de Chief Liability Officer, donde liderará la gestión de pasivos, las actividades de reaseguro y las entidades offshore. Conor Murphy ha sido nombrado como el nuevo Chief Financial Officer.
La reestructuración organizativa se produce en un momento en que F&G ha experimentado un crecimiento significativo, más que duplicando sus activos bajo gestión a través de la diversificación de productos y la expansión de la distribución. Murphy aporta una amplia experiencia en la industria, habiendo sido anteriormente Presidente y CEO de Resolution Life US y ocupando puestos ejecutivos en Brighthouse Financial y MetLife.
El CEO Chris Blunt enfatizó que estos cambios están diseñados para gestionar eficazmente el crecimiento y la escala de la empresa, maximizando al mismo tiempo la rentabilidad y el retorno sobre el capital para el valor a largo plazo de los accionistas.
F&G 연금 및 생명보험 (NYSE: FG)는 2025년 4월 1일부터 시행될 주요 경영진 변경을 발표했습니다. 현재 CFO인 웬디 영은 새로 만들어진 책임 관리 책임자(Chief Liability Officer)로 전환되어, 책임 관리, 재보험 활동 및 해외 법인을 이끌게 됩니다. 코너 머피가 새로운 CFO로 임명되었습니다.
조직 개편은 F&G가 제품 다각화 및 유통 확장을 통해 관리 자산을 두 배 이상 증가시키면서 중요한 성장을 경험한 가운데 이루어졌습니다. 머피는 Resolution Life US의 사장 및 CEO를 역임했으며 Brighthouse Financial 및 MetLife에서 경영직을 맡았던 폭넓은 산업 경험을 가지고 있습니다.
CEO 크리스 블런트는 이러한 변화가 회사의 성장과 규모를 효과적으로 관리하고 장기적인 주주 가치를 위한 수익성과 자본 수익률을 극대화하기 위해 설계되었다고 강조했습니다.
F&G Annuities & Life (NYSE: FG) a annoncé des changements clés au sein de la direction qui entreront en vigueur le 1er avril 2025. L'actuelle CFO Wendy Young passera à la nouvelle fonction de Chief Liability Officer, où elle dirigera la gestion des passifs, les activités de réassurance et les entités offshore. Conor Murphy a été nommé nouveau Chief Financial Officer.
La restructuration organisationnelle intervient alors que F&G a connu une croissance significative, doublant plus que ses actifs sous gestion grâce à la diversification des produits et à l'expansion de la distribution. Murphy apporte une vaste expérience dans l'industrie, ayant précédemment été président et CEO de Resolution Life US et occupé des postes exécutifs chez Brighthouse Financial et MetLife.
Le CEO Chris Blunt a souligné que ces changements sont conçus pour gérer efficacement la croissance et l'échelle de l'entreprise tout en maximisant la rentabilité et le retour sur capitaux propres pour une valeur à long terme pour les actionnaires.
F&G Annuities & Life (NYSE: FG) hat wichtige Änderungen in der Geschäftsführung angekündigt, die am 1. April 2025 in Kraft treten. Die derzeitige CFO Wendy Young wird in die neu geschaffene Position des Chief Liability Officer wechseln, wo sie das Risikomanagement, die Rückversicherungsaktivitäten und die Offshore-Einheiten leiten wird. Conor Murphy wurde als neuer Chief Financial Officer ernannt.
Die organisatorische Umstrukturierung erfolgt, da F&G ein signifikantes Wachstum erlebt hat und seine verwalteten Vermögenswerte durch Produktdiversifizierung und Vertriebswachstum mehr als verdoppelt hat. Murphy bringt umfangreiche Branchenerfahrung mit, da er zuvor als Präsident und CEO von Resolution Life US tätig war und Führungspositionen bei Brighthouse Financial und MetLife innehatte.
CEO Chris Blunt betonte, dass diese Änderungen darauf abzielen, das Wachstum und die Skalierung des Unternehmens effektiv zu managen und gleichzeitig die Rentabilität und die Eigenkapitalrendite für einen langfristigen Shareholder-Wert zu maximieren.
- Company has more than doubled assets under management
- Expansion of business model to include flow reinsurance and owned distribution
- Strategic organizational restructuring to support growth
- None.
~ Wendy Young to Assume Role as Chief Liability Officer ~
~ Conor Murphy Appointed Chief Financial Officer ~
Chris Blunt, Chief Executive Officer of F&G, commented, "Over the last five years we have experienced phenomenal growth having more than doubled our assets under management as we diversified our products and distribution, while also expanding our business model to include accretive flow reinsurance and our owned distribution strategy. Critical to our ongoing success and execution is ensuring that we have the people in place to effectively manage our growth as we continue to scale our Company. As a result, we are evolving our organizational structure and have appointed Wendy Young to a newly created position where she will lead all aspects of F&G's liability management, reinsurance activities and our offshore entities. Wendy's deep knowledge of F&G as well as her prior work as CEO of our
Mr. Blunt continued, "I am also very pleased to welcome Conor Murphy to F&G as our next Chief Financial Officer. Conor brings extensive experience having held a variety of executive roles at industry leading insurance companies. Conor's experience is a perfect match for our newly defined Chief Financial Officer role which will oversee our financial management as well as helping to guide our business and strategic capital allocation as we continue to scale our Company to maximize our profitability and return on equity and deliver long-term shareholder value."
Mr. Blunt concluded, "As you can see, these are two very important roles that will report to me and require two uniquely qualified executives. I look forward to partnering with Wendy and Conor as they step into these positions and am thankful to have such an accomplished team as we continue to build an industry leading business."
Mr. Murphy is an experienced executive with extensive industry experience having previously served as President and CEO of Resolution Life US. Prior to Resolution Life, Mr. Murphy spent five years as Executive Vice President and Chief Operating Officer at Brighthouse Financial (BHF) where he oversaw the company's operations during the transition from MetLife, as well as managing the company's life and annuity businesses including product development, pricing and underwriting. Mr. Murphy was also responsible for BHF's strategy and finance functions including serving as interim CFO. Prior to joining BHF, Mr. Murphy held multiple senior positions at MetLife over his 17-year tenure including being MetLife's first European CFO as well as CFO of
About F&G
F&G Annuities and Life, Inc. is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in
Forward-Looking Statements
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Contact:
Lisa Foxworthy-Parker
SVP of Investor & External Relations
Investor.relations@fglife.com
515.330.3307
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SOURCE F&G Annuities & Life, Inc.
FAQ
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