New York–(work wire) – American International Group (NYSE: AIG) announced today that Marilyn Hirsch has returned to AIG as Senior Vice President, and Treasurer, with immediate effect. She works under the supervision of Shane Fitzsimmons, Executive Vice President and Chief Financial Officer of AIG.
Ms. Hirsch leads AIG’s global treasury activities, including financing plans, banking agency relationships, ratings, capital management and liquidity.
“As we continue our journey to become a high-performing company, Marilyn’s 30+ years of global experience, leadership skills, and deep subject matter expertise will guide the critical work of the Treasury team in advancing AIG’s strategic priorities, particularly capital management, and improving its capital structure,” Mr. Fitzsimmons said. AIG as part of the separation of the life and retirement insurance business from AIG and a related initial public offering.
Ms. Hirsch said: “AIG’s capital management objectives, keenness on continuous improvement of systems and processes, and dedication to strong relationships with external stakeholders are all compelling opportunities for the treasury team. I look forward to the contributions we will make in this relentless pursuit of excellence and commitment to delivering value.” .
Ms. Hirsch rejoins AIG from Allstate, where she held the position of Senior Vice President and Treasurer. Her responsibilities include treasury, corporate financial planning and analysis (FP&A), corporate development, corporate expense management, and startup participation. From 2011 to 2015, Ms. Hirsch held various leadership positions at AIG, most recently Head of Strategy – AIG Property Casualty. She also served on the board of directors of AIG in Israel during her tenure at AIG. Ms. Hirsch holds a Bachelor of Science in Civil Engineering and Economics/Finance from the Jerome Fisher Program in Management and Technology at the University of Pennsylvania and an MSc in Finance from the University of California, Berkeley.
In addition, Kathleen Carbone has been appointed Vice President and Chief Accounting Officer, AIG, effective March 1, 2022 reporting to Mr. Fitzsimmons. She will succeed Elias Habayeb, who was appointed CFO of AIG’s Life and Retirement business in October 2021 and will continue to serve as AIG’s Chief Accounting Officer until February 2022. Since May 2021, Ms. Carboni has served as Vice President of Finance.
“Kathleen brings outstanding financial reporting acumen and deep institutional knowledge of AIG to the position of Chief Accountant,” said Mr. Fitzsimmons. She is already a core member of the financial leadership team, and I am delighted that she is taking on this role.”
From 2012 until 2020, Ms. Carboni held various positions at AIG, including Group Controller from October 2018 until July 2020, Corporate Controller from September 2016 until October 2018 and Senior Director of SEC Reporting and Analytics from June 2015 until August 2016. Prior to joining AIG In 2012, Ms. Carbone worked for the accounting firm PriceWaterhouseCoopers LLP for nearly 12 years.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member firms offer a wide range of property accident insurance, life insurance, retirement solutions, and other financial services to clients in nearly 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks, and provide retirement insurance. AIG’s common stock is listed on the New York Stock Exchange.
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AIG is the marketing name for the worldwide property, retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Some coverages on property and losses may be provided by the excess lines insurance company. Surplus line insurers generally do not participate in government guarantee funds, and therefore insureds are not protected by these funds.