F&G names Conor Murphy CEO

F&G Annuities & Life announced a leadership transition that will see CEO Chris Blunt step down from his current role on June 30, 2026, after seven years leading the company. Blunt will remain on F&G’s board and continue as CEO of Peak Altitude Equity, the insurer’s owned distribution business, where he will oversee a process to explore strategic alternatives aimed at accelerating growth and unlocking value.

Conor Murphy, currently president and chief financial officer, has been appointed chief executive officer and president. Murphy joined F&G in 2025 after serving as president and CEO of Resolution Life US and previously held senior leadership roles at Brighthouse Financial and MetLife.

The company also announced that Michael Bailey will join F&G as executive vice president and chief financial officer on August 3. Bailey most recently served as retail CFO at Corebridge Financial and previously held leadership roles at AIG and MetLife. Until his arrival, chief accounting officer Mark Wiltse will serve as interim CFO.

F&G chairman William Foley credited Blunt with executing a diversification strategy that nearly tripled the company’s assets under management since 2019 while expanding distribution and capital-light businesses such as flow reinsurance and owned distribution. Foley said Murphy is well positioned to lead the next phase of the company’s evolution toward a more fee-based, higher-margin, and less capital-intensive business model.

F&G , headquartered in Des Moines, Iowa, provides annuity and life insurance products to retail and institutional customers.