(Reuters) -Insurer American International Group (NYSE:AIG) named industry veteran Keith Walsh as its chief financial officer, effective Oct. 21 this year.
Walsh has over two decades of experience in finance leadership and had earlier served as the CFO of Marsh, a unit at Marsh McLennan (NYSE:MMC).
Earlier, he worked as an equity research analyst at Citi for 14 years, covering the insurance sector.
Insurers have benefited from a revival in spending on policies despite rising premiums and their income from investments has been fueled by a strong U.S. equity market.
Walsh will succeed Sabra Purtill, who has served as AIG’s CFO since 2023. He would be based in New York and will lead the commercial insurer’s global finance organization, the company said.