NYSE:AIG

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Friday, May 31, 2024
Banking, Professional Services, Insurance, Finance, Corebridge Financial, International Marxist Group, Morgan Stanley, Varick Street, Sale, 2nd Floor, Prospectus, AIG, American International Group

American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $29.20 per share.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $29.20 per share.
  • AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $876 million of gross proceeds.
  • AIG has also granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares.
  • The offering of common stock is being made only by means of a prospectus and an accompanying preliminary prospectus supplement.

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Thursday, May 30, 2024
Professional Services, Insurance, Business, Finance, Corebridge Financial, International Marxist Group, Morgan Stanley, Varick Street, Sale, 2nd Floor, Prospectus, AIG, American International Group, Security (finance)

American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, is offering 30 million existing shares of common stock (out of approximately 608 million total shares of common stock outstanding) of Corebridge Financial and has granted a 30-day option to the underwriter to purchase up to an additional 4.5 million shares.
  • The last reported per share sale price of Corebridge Financial common stock on May 29, 2024 was $29.47.
  • The proposed offering of common stock is being made only by means of a prospectus and accompanying preliminary prospectus supplement.

AIG Appoints Gordon Browne as Global Head of Specialty

Retrieved on: 
Wednesday, May 22, 2024
Professional Services, Insurance, Finance, Energy, International Marxist Group, Growth, AIG, Multimedia, American International Group, Management

American International Group, Inc. (NYSE: AIG) today announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024.
  • Mr. Browne rejoins AIG from Allianz, where he served as Global Head of Specialty since April 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240522066132/en/
    As AIG’s Global Head of Specialty, Mr. Browne will be responsible for leading the global strategy to advance the technical expertise and market positioning of the company’s Specialty businesses, encompassing global Marine, Aviation, Credit Lines and Energy & Construction.
  • With more than 20 years of industry experience in the US and the UK, Mr. Browne held several senior leadership positions during his previous eight-year tenure at AIG, including Global Head of Energy & Construction and Head of North America Specialty.

AIG to Participate in Bernstein’s 40th Annual Strategic Decisions Conference

Retrieved on: 
Tuesday, May 21, 2024
Asset Management, Professional Services, Insurance, International Marxist Group, Conference, AIG, American International Group

American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 11:00 a.m.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 11:00 a.m.
  • ET.
  • A link to the live, audio webcast will be available in the Investors section of AIG’s website: https://www.aig.com .
  • A replay will be available afterward at the same location.

AIG Announces Sale of a 20% Ownership Stake of Corebridge to Nippon Life

Retrieved on: 
Thursday, May 16, 2024
Professional Services, Insurance, Finance, Nippon Life, AIG, Life, Nature, Sale, J.P. Morgan & Co.

AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion.

Key Points: 
  • AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion.
  • Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing.
  • “Nippon Life is well known in the financial services industry for its leadership in the Japanese insurance market and is globally recognized for its strong performance and corporate reputation.
  • We are pleased to have Nippon Life become a strategic partner to Corebridge and believe that they will add meaningful value as an investor,” said Peter Zaffino, Chairman and CEO of AIG.

AIG Appoints Kelly Lafnitzegger Executive Vice President and Chief Human Resources & Diversity Officer

Retrieved on: 
Monday, April 29, 2024
Professional Services, Insurance, Human Resources, Learning, Transport, General Electric, American International Group, Acquisition, AIG, CHRO, International Marxist Group, Multimedia, Diversity, Global Research, Management

American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024.
  • Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team.
  • Previously, Ms. Lafnitzegger held a series of human resources leadership roles in GE’s Corporate, Capital, Healthcare, Global Research, Transportation and Power divisions.
  • Ms. Lafnitzegger succeeds Rose Marie Glazer, who has served as AIG’s Chief Human Resources & Diversity Officer since January 1, 2022, and has transitioned to AIG’s General Counsel.

AIG Announces Leadership Change

Retrieved on: 
Monday, April 22, 2024
Insurance, Professional Services, American International Group, International Marxist Group, Retirement, Lexington Insurance Company, General insurance, AIG

American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024.
  • Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company.
  • Mr. McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024.
  • “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite,” said Peter Zaffino, AIG Chairman & Chief Executive Officer.

Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Insurance, Human Resources, Finance, Asset Management, Banking, Slate, Retirement, Corebridge Financial, Sale

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc.

Key Points: 
  • Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc.
  • The transaction allows Corebridge to focus on Life & Retirement products and solutions in the United States.
  • J.P. Morgan Securities LLC acted as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Corebridge.

AIG to Report First Quarter 2024 Financial Results on May 1, 2024, and Host Conference Call on May 2

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Insurance, Finance, AIG, American International Group, International Marxist Group

American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024.
  • AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com .
  • AIG will also host a conference call on Thursday, May 2, 2024, at 8:30 a.m.
  • The live, listen-only webcast is open to the public and can be accessed in the Investors section of https://www.aig.com .