AIG Completes Deconsolidation of Corebridge Financial
10 Junho 2024 - 7:30AM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
it has met the requirements for the deconsolidation of Corebridge
Financial (NYSE: CRBG) for accounting purposes. The deconsolidation
is a result of AIG’s decision to waive its right to majority
representation on the Corebridge Financial Board of Directors and
the resignation of Chris Schaper, Executive Vice President, Global
Chief Underwriting Officer, AIG, from Corebridge Financial’s Board
of Directors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240610441660/en/
“Today’s announcement about AIG’s deconsolidation of Corebridge
Financial is a major achievement, which reflects the culmination of
a series of well-planned and deliberate strategic decisions which
will position AIG for the future as a leading global Property and
Casualty insurer,” said Peter Zaffino, Chairman and CEO of AIG. “I
am very proud of our colleagues at AIG and Corebridge for all they
contributed over the past several years, along with the focus and
discipline with which they executed on the separation of the Life
& Retirement business. Leading up to their successful IPO in
2022, we are very pleased that Corebridge Financial developed
high-quality partnerships with Blackstone and BlackRock, and
recently we announced Nippon Life’s intent to become an
approximately 20% strategic investor, positioning Corebridge
Financial for profitable long-term growth and industry
leadership.”
Mr. Zaffino will continue as Chairman of the Corebridge
Financial Board of Directors which has been reduced to 12 members.
AIG owns approximately 48.35% of Corebridge Financial’s common
stock.
About AIG
American International Group, Inc. (NYSE: AIG) is a leading
global insurance organization. AIG provides insurance solutions
that help businesses and individuals in approximately 190 countries
and jurisdictions protect their assets and manage risks through AIG
operations and network partners. For additional information, visit
www.aig.com. This website with additional information about AIG has
been provided as a convenience, and the information contained on
such website is not incorporated by reference into this press
release.
AIG is the marketing name for the worldwide operations of
American International Group, Inc. 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.
Certain property casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
About Corebridge Financial
Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for
more people to take action in their financial lives. With more than
$390 billion in assets under management and administration as of
March 31, 2024, Corebridge Financial is one of the largest
providers of retirement solutions and insurance products in the
United States. We proudly partner with financial professionals and
institutions to help individuals plan, save for and achieve secure
financial futures. For more information, visit
corebridgefinancial.com and follow us on LinkedIn and YouTube.
These references with additional information about Corebridge have
been provided as a convenience, and the information contained on
such websites is not incorporated by reference into this press
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240610441660/en/
AIG: Quentin McMillan (Investors):
quentin.mcmillan@aig.com Claire Talcott (Media):
claire.talcott@aig.com
Corebridge Financial: Işıl Müderrisoğlu (Investors):
investorrelations@corebridgefinancial.com Matt Ward (Media):
media.contact@corebridgefinancial.com
Corebridge Financial (NYSE:CRBG)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Corebridge Financial (NYSE:CRBG)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024