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.
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
Health Claim Denials And The AI Factor: The Lawsuits Reshaping Digital Care
Artificial intelligence (AI) is rapidly changing the healthcare industry, particularly in insurance claim processing. In... Read more
The Growing Threat Of Litigation: Why US Companies Are Paying More Than Ever
Corporate litigation in the United States is becoming an increasingly costly threat, with companies facing record-high d... Read more
The Fundamentals Of Asset-Liability Management
Author: Ricardo Goulart ... Read more