F&G Appoints Leaders Following CEO Retirement
F&G Annuities & Life, Inc. has announced that Chris Blunt will retire from his current role as chief executive officer of F&G to focus on his roles as a director of F&G and chief executive officer of subsidiary Peak Altitude Equity, LLC.
Conor Murphy, current president and chief financial officer, will assume a broader role as chief executive officer and president. These changes are effective June 30, 2026.
Additionally, Michael Bailey will join the company as executive vice president, chief financial officer effective August 3, and Mark Wiltse, F&G’s chief accounting officer, will serve as interim chief financial officer until August 3.
Blunt has served as the CEO of F&G since 2019, after 34 years in a variety of insurance, investment management and wealth management roles. He will continue to serve as a member of the F&G Board of Directors as well as CEO of Peak Altitude, the company’s owned distribution business. Blunt will lead the formal process to explore strategic alternatives for Peak Altitude to further grow the business and maximize value to F&G.
Murphy, F&G’s current president and chief financial officer, has been appointed by the F&G Board of Directors as chief executive officer and president to succeed Blunt. Murphy joined F&G in April of 2025 and has 38 years of experience, including a variety of executive roles at insurance companies in both the U.S. and abroad.
Bailey will join the company as chief financial officer reporting to Murphy. He holds 27 years of extensive actuarial and financial experience in the life and annuity industry, having most recently served as the retail chief financial officer of Corebridge Financial, Inc.
William P. Foley, II, chairman of F&G’s Board of Directors, said, “Chris Blunt has been a transformative leader having set and executed a diversified growth strategy that saw F&G nearly triple its assets under management since joining in 2019. Chris’ strategy focused on diversifying F&G’s products and distribution and expanding into capital light businesses including accretive flow reinsurance and the owned distribution strategy. Going forward, Chris will focus on leading the formal process to explore strategic alternatives for Peak Altitude to capture its significant growth opportunities and unlock that value for F&G’s shareholders.”
Foley continued, “I am also pleased that Conor Murphy will transition to the role of CEO and President and continue to execute the strategic plan that Chris has initiated. Conor’s extensive experience across the insurance industry in both the U.S. and internationally has been evident in the impact that he has made since joining the Company last year.
Importantly, F&G is at an inflection point as the business further transitions into a more fee-based, higher margin and less capital-intensive business which will generate steady long-term earnings growth and future enhanced returns. We believe this will have a marked impact on the Company’s valuation over time and see Conor as the right leader as we embark on the next stage of growth and value creation for our shareholders.”
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news.