AIG sacks top financial exec after alleged disclosure breach
January 31, 2023 by
Staff Reports
American International Group 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.”
These violations were unrelated to the company’s financial statements, financial reporting generally and related disclosure controls and procedures, or reserves, AIG said in a news release. In recognition of Lyons’ contributions to AIG since he joined the company in 2018, AIG entered into a settlement agreement with Lyons, the release said.
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Originally Posted
at
InsuranceNewsNet on January 30, 2023 by Staff Reports.