#United States #Des Moines #FG Annuities #Wendy Young #Conor Murphy

F&G Annuities & Life Shifts Leadership Strategy

F&G Annuities & Life, Inc. (NYSE: FG), a premier provider of insurance solutions catering to retail and institutional clients, has announced significant leadership changes aimed at bolstering its future growth. Effective April 1, 2025, Wendy Young will leave her role as Chief Financial Officer (CFO) to assume the newly established position of Chief Liability Officer. In her stead, Conor Murphy has been appointed as the new CFO, marking a pivotal transition in the company’s leadership structure.

The Transition

Chris Blunt, CEO of F&G, expressed optimism regarding the changes, highlighting the company's impressive growth trajectory over the past five years. Under his leadership, the company has more than doubled its assets under management and diversified its product offerings. Blunt pointed out that these organizational adjustments are vital for managing ongoing expansion and facilitating the company's strategic plans.

Wendy Young, with her deep understanding of F&G and previous experience as the CEO of the Bermuda branch, is seen as the perfect fit for the Chief Liability Officer role. In her new capacity, she will oversee all aspects of liability management, reinsurance activities, and offshore operations.

“Wendy’s expertise is crucial as we navigate the complexities of our evolving business model,” said Blunt. “Her leadership in liability management is integral to our long-term strategy.”

Conor Murphy Joins F&G

Conor Murphy, set to take the helm as CFO, comes to F&G with an extensive background in the insurance industry. Most notably, he served as the President and CEO of Resolution Life US and has held senior positions at Brighthouse Financial, where he played a key role in transitioning the company from MetLife.

Murphy’s diverse experience encompasses financial management, product development, and strategic planning, which aligns perfectly with F&G’s ambitions to enhance profitability and return on equity. “Conor’s remarkable track record makes him an ideal choice for our newly defined CFO role. His leadership will be instrumental as we continue to scale and optimize our profit margins,” Blunt commented.

Importance of Leadership

These appointments underscore F&G's commitment to having the right leadership in place to facilitate strategic goals. As the company prepares for further growth, the leadership team is not only essential for navigating financial landscapes but also for driving strategic capital allocation.

Blunt concluded, “Wendy and Conor’s qualifications and experiences bring immense value to our executive team. I am looking forward to collaborating with them as we aim to build an industry-leading business.”

With Wendy Young’s transition and the introduction of Conor Murphy, F&G Annuities & Life is poised for continued success in meeting the evolving needs of its customers while maintaining robust management of its liabilities and financial health.

About F&G Annuities & Life

F&G Annuities & Life, Inc. is headquartered in Des Moines, Iowa, and is dedicated to helping individuals turn their goals into reality through innovative insurance solutions. For more information about their offerings, visit www.fglife.com.