Leadership Transition at F&G Annuities & Life: Blunt Retires, Murphy Takes Charge

Chris Blunt, CEO of F&G Annuities & Life, Inc., has announced his retirement to focus on his roles as Director at F&G and CEO of Peak Altitude Equity, LLC. Conor Murphy, currently President and CFO, will succeed him as CEO and President effective June 30, 2026. Michael Bailey will take over as Executive Vice President and CFO on August 3, 2026, with Mark Wiltse, Chief Accounting Officer, serving as Interim CFO until then.

William P. Foley, II, Chairman of F&G's Board of Directors, commended Blunt for his significant contributions, including tripling the company's assets under management since 2019. Blunt's leadership was marked by product diversification, expanded distribution channels, and a shift towards capital-light business areas. His future role involves advancing Peak Altitude's business strategy.

Murphy, with a comprehensive background in the insurance industry since joining F&G in 2025, plans to continue Blunt's strategic initiatives. The company aims to transition to a fee-based business model, which promises enhanced long-term earnings and high-margin growth. Blunt, previously CEO of Blackstone Insurance Solutions and a leader at New York Life, will steer strategic efforts for Peak Altitude's growth.

Murphy praised Blunt's leadership and expressed excitement for fostering stable growth and high-value returns for shareholders. Bailey's forthcoming role as CFO will be crucial in providing financial oversight, leveraging his extensive life and annuity insurance experience. Wiltse, with his robust financial background, will ensure a smooth transition during this period.

Bailey, who will report directly to Murphy, has over 20 years of experience in key financial positions at Corebridge Financial, AIG, and MetLife. Wiltse, a member of F&G since 2016, brings senior accounting expertise and significant managerial experience to the company.