AIG Finance Chief Takes Medical Leave – Interim Replacement Named

AIG finance chief takes medical leave – interim replacement named

American International Group (AIG) executive vice president and chief financial officer Shane Fitzsimons (pictured) is taking a temporary medical leave of absence with immediate effect.

Without disclosing further details, AIG said former CFO and current global chief actuary Mark Lyons will serve as interim chief financial officer until Fitzsimons’ return, the date of which is not known at this point.

Lyons is also an EVP and the portfolio management head at AIG. He served as CFO and treasurer from December 2018 until the end of 2021.

Fitzsimons, a chartered accountant from Ireland, came onboard AIG in 2019. His credentials include time spent at PwC, GE, and TATA Group. At AIG, some of Fitzsimons’ previous roles were global head of shared services and chief administrative officer. 

Lyons will continue to carry out his existing duties while being in charge of the finance function in the meantime.

RECENT NEWS

Geopolitics, Interest Rates, And Regulation: The Triple Threat To Insurance M&A

Global insurance mergers and acquisitions (M&A) plummeted to a 16-year low in 2024, marking a sharp decline in dealm... Read more

Web3 Risk And Regulation In Dubai: How OneInfinity Is Shaping The Future Of Digital Asset Insurance

Dubai has emerged as a global hub for Web3 innovation, attracting major players in the cryptocurrency, blockchain, and d... Read more

Dai-ichi Life's $9.7 Billion Insurance Deal: What It Means For The Industry

Dai-ichi Life Holdings Inc., one of Japan’s largest insurance groups, has made a strategic move to optimize its capita... Read more

Banking On Insurance: PAObank's Strategic Partnerships With PAHK And FWD Hong Kong

PAObank, a digital-first banking institution, has officially expanded into the insurance market after securing an insura... Read more

Profits On The Fast Lane: Admiral's Soaring Earnings And The Future Of UK Motor Insurance

Admiral, one of the UK’s largest motor insurance providers, has reported a staggering 90% increase in pre-tax profits,... Read more

Tesla Offers Insurance Subsidy In China To Boost Slowing Global Sales

Tesla is rolling out an insurance subsidy in China in an attempt to counter slowing global sales, as the company faces m... Read more