---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-001387"
form_type: "8-K"
ticker: "AIG"
cik: "0000005272"
company_name: "AMERICAN INTERNATIONAL GROUP, INC."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:51:41.094579+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AIG terminates Interim CFO Mark Lyons for confidentiality breach; names replacements

## Summary
- Mark Lyons terminated as Interim CFO, EVP, Global Chief Actuary and Head of Portfolio Management after violating confidentiality obligations.
- Company pays Lyons $7.5M settlement in two installments ($3.75M by Feb 15, 2023; $3.75M by Feb 15, 2024).
- Sabra Purtill appointed Interim CFO; previously Chief Investment Officer of Corebridge Financial.
- Turab Hussain appointed Interim Global Chief Actuary; previously Chief Risk Officer of General Insurance at AIG.
- Violations unrelated to financial statements, financial reporting, disclosure controls or reserves.

## SEC filing metadata
- accession: 0000950103-23-001387
- form_type: 8-K
- ticker: AIG
- cik: 0000005272
- company_name: AMERICAN INTERNATIONAL GROUP, INC.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/0000950103-23-001387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/dp187861_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-001387
- JSON: https://secwatch.observer/filing/0000950103-23-001387.json
- Plain text: https://secwatch.observer/filing/0000950103-23-001387.txt

## Key facts
- Executive change
  Turab Hussain was appointed as Interim Global Chief Actuary at AMERICAN INTERNATIONAL GROUP, INC..
  - Action: appointed
  - Role: Interim Global Chief Actuary
  source text: On January 30, 2023, the Company appointed Turab Hussain to serve as the Company’s Interim Global Chief Actuary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/0000950103-23-001387-index.htm
- Executive change
  Sabra Purtill was appointed as Interim Chief Financial Officer at AMERICAN INTERNATIONAL GROUP, INC..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On January 25, 2023, the Company appointed Sabra Purtill, age 60, to serve as the Company’s Interim Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/0000950103-23-001387-index.htm
- Executive change
  Mark D. Lyons was terminated as Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management at AMERICAN INTERNATIONAL GROUP, INC..
  - Action: terminated
  - Role: Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management
  source text: On January 24, 2023, American International Group, Inc. (the “Company” or “AIG”) terminated Mark D. Lyons from his position as Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management of the Company, after the Company became aware that he violated his confidentiality/non-disclosure obligations to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/5272/000095010323001387/0000950103-23-001387-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.