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AIG announces leadership changes

The company have revealed a series of changes across the board

AIG has announced a wave of senior leadership changes across its company.

It announced that effective January 1, 2022, Mark Lyons, currently executive vice president and chief financial officer, will step into a newly created role of executive vice president, global chief actuary and head of portfolio management.

When Lyons transitions to his new role, Shane Fitzsimons will become executive vice president and chief financial officer, AIG.

AIG also announced today that Elias Habayeb, currently chief financial officer, general insurance and deputy chief financial officer, AIG, has been named chief financial officer for AIG’s life and retirement business, effective immediately.

Habayeb is replacing current life and retirement chief financial officer, Tom Diemer, who is leaving the company to pursue other opportunities.

As part of the ongoing work to separate the life and retirement business, including portions of AIG’s investments unit, Elaine Rocha, currently global chief operating officer, reinsurance, has been promoted to global chief investment officer effective immediately.

AIG also announced that Ted Devine has joined AIG as global head of AIG 200.

Peter Zaffino, president and chief executive officer, said: “The leadership roles we are announcing today strengthen our senior management team and support the momentum we have with respect to our highest strategic priorities: positioning AIG’s core businesses for long-term, sustainable profitability, preparing our life and retirement business to be a standalone market-leading franchise, and the continued execution of AIG 200.”

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