American International Group (AIG) has announced the appointment of Keith Walsh as the executive vice-president, CFO of the company.
Walsh will take on the new responsibility from 21 October 2024 and will report to AIG chairman and CEO Peter Zaffino.
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He will also become part of the insurer’s executive leadership team.
In his new position, Walsh will head AIG’s global finance division and will operate out of New York.
He is taking over from Sabra Purtill, who has been AIG’s CFO since January 2023.
Purtill will continue to report to CEO Zaffino, focusing on strategic projects and providing advisory support to Walsh for a seamless transition.
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By GlobalDataWalsh brings more than 25 years of financial leadership experience to AIG.
He latterly worked at Marsh McLennan, where he held the position of CFO for Marsh, and between 2012 and 2017 served as vice-president and head of investor relations for Marsh McLennan Companies.
Earlier in his career, Walsh had a 14-year stint as an equity research analyst at Citi, focusing on the insurance sector.
He earned a Bachelor of Science degree from the University at Albany-SUNY and an MBA from NYU Stern School of Business.
Zaffino said: “Keith is a highly accomplished executive with deep financial expertise and significant investor experience in the financial services sector, particularly the insurance industry.
“I am very confident that he will be an excellent addition to our executive leadership team and brings outstanding leadership to our global Finance organisation.”
Walsh added: “AIG has executed an exceptional business and financial turnaround, and I am honoured to join this iconic company in its next phase of industry leadership and growth.
“I look forward to working closely with Peter Zaffino and AIG’s executive leadership team, as well as leading AIG’s talented global Finance organisation, as we continue to deliver for the company’s stakeholders and enhance shareholder value.”
In June this year, Zurich agreed to buy the personal travel insurance business from AIG in a deal valued at $600m (SFr509.57m).
