AIG has fired its interim chief financial officer less than a month after giving him the position, saying he breached the insurance group’s confidentiality rules. Mark Lyons, who stepped into the CFO role when Shane Fitzsimons went on medical leave in early January, is leaving the company with a negotiated pay-off of $7.5mn, AIG said on Monday. According to a regulatory filing, Lyons, 66, was fired last Tuesday “after the company became aware that he violated his confidentiality/non-disclosure obligations”.
NEW YORK, January 30, 2023--American International Group (NYSE: AIG) today announced that it terminated Mark Lyons from his position as AIG’s Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management after the Company became aware that he violated his confidentiality/non-disclosure obligations to the Company.
MetLife's (MET) fourth-quarter results are likely to be hurt by a fall in premiums and net investment income, partly offset by reduced COVID life insurance claims in U.S. business.