Corebridge Financial

LPL Financial Welcomes Wealth Management and Legacy Planning Group

Retrieved on:

Monday, September 25, 2023

Business development, Corebridge Financial, RIA, VALIC, University, AIG, School, Hospital, Wealth management, LPL, Financial adviser, Management

CHARLOTTE, N.C., Sept. 25, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Angelo Burns, Larisa Holiday, Eli Montoya and Manny Pedroza have joined LPL Financial’s broker-dealer, RIA and custodial platforms.

Key Points:

CHARLOTTE, N.C., Sept. 25, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisors Angelo Burns, Larisa Holiday, Eli Montoya and Manny Pedroza have joined LPL Financial’s broker-dealer, RIA and custodial platforms.
The team reported having served approximately $260 million in advisory, brokerage and retirement plan assets*, and joins LPL from Corebridge Financial, formerly Valic, part of AIG.
Looking to expand their services, the team rebranded to Wealth Management and Legacy Planning Group with their move to LPL.
We look forward to a long-lasting relationship with the entire team at Wealth Management and Legacy Planning Group.”

Corebridge Financial to Sell UK Life Insurance Business to Aviva plc

Retrieved on:

Monday, September 25, 2023

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash.

Key Points:

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its UK life insurance business (operating as AIG Life Limited), to Aviva plc for a total consideration of £460 million in cash.
Since acquiring the UK Life business in 2014, we have built a well-established provider of life insurance, critical illness and income protection products in the UK.
We look forward to working closely with Aviva to ensure a smooth transition for employees, customers and distribution partners.”
AIG Life Limited is the life insurance arm of Corebridge Financial in the UK, Channel Islands, Isle of Man and Gibraltar.
The business provides financial and practical support for individuals, families and businesses when illness or injury threatens their life, lifestyle or livelihood.

Rock The Street Wall Street Expands Programming to Toronto

Retrieved on:

Thursday, September 21, 2023

TORONTO and NEW YORK, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Rock The Street, Wall Street (RTSWS), opens the world of financial and investment math to high school girls, this month launches its programming in Toronto. RTSWS provides financial and investment acumen to young women in the US and UK in more than 60 high schools, in 30+ cities.

Key Points:

TORONTO and NEW YORK, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Rock The Street, Wall Street (RTSWS) , opens the world of financial and investment math to high school girls, this month launches its programming in Toronto.
This month's launch is an exciting expansion for Rock The Street Wall Street," shared Maura Cunningham Founder & CEO of RTSWS.
Rock The Street, Wall Street offers racially diverse high school/secondary school girls additional opportunities to engage with math before proactively selecting university courses and ultimately, their career pursuits.
Together with Rock The Street, Wall Street, we can establish lasting connections that will bring financial and investment math understanding to new heights for our secondary school girls," stated Ms. Montarras.

New digital benchmarking research identifies Fidelity, Empower, TIAA and T. Rowe Price as top for retirement plan participant digital experience

Retrieved on:

Thursday, September 14, 2023

Benchmark, Corebridge Financial, Category, Navigation, Empower, Support, VOYA, T. Rowe Price, Research, Generally Accepted Recordkeeping Principles, TIAA, Merrill, Setting, Retirement, Online shopping, Retail, Accounting information system, Fidelity

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- New benchmarking research from Corporate Insight identifies Fidelity, Empower, TIAA and T. Rowe Price as the top performers across desktop and mobile defined contribution (DC) plan participant experiences.

Key Points:

NEW YORK, Sept. 14, 2023 /PRNewswire/ -- New benchmarking research from Corporate Insight identifies Fidelity, Empower, TIAA and T. Rowe Price as the top performers across desktop and mobile defined contribution (DC) plan participant experiences.
The 2023 DC Plan Participant Website and Mobile Experience Benchmark reports evaluate 18 leading recordkeepers across 230 desktop and mobile attributes, showing how firms stack up against one another in design, functionality and usability.
"Fidelity's design, navigation and account information across digital platforms place it #1 in both these reports," says Kara Sostar, Retirement Research Manager at Corporate Insight.
"In terms of the other top finishers, TIAA is the leader in website transaction capabilities, Empower has the best account information across both website and mobile platforms, and T. Rowe Price has the easiest app to navigate."

Lucy Fato to Assume Role of Vice Chair at AIG

Retrieved on:

Tuesday, September 5, 2023

Asset Management, Professional Services, Insurance, Finance, International Marxist Group, Corebridge Financial, General counsel, Communication, AIG, History, Government, Global Communities, American International Group, Global Legal Information Network, NYSE, Chief diversity officer, Management

American International Group (NYSE: AIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.

Key Points:

American International Group (NYSE: AIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023.
In this newly created role, Ms. Fato will report to Peter Zaffino, Chairman & Chief Executive Officer of AIG, and continue to support AIG's journey to become a top performing global insurer.
Mr. Zaffino stated: “Since Lucy joined AIG in 2017, she has played a pivotal role in successfully navigating AIG’s complicated transformational work and executing on multiple complex workstreams that have transformed the company into what it is today.
AIG’s accomplishments over the last few years have been extraordinary, and I look forward to continuing to collaborate with Peter in my new role and contributing to AIG’s ongoing success.

Corebridge Financial Names Isil Muderrisoglu Head of Investor and Rating Agency Relations

Retrieved on:

Monday, August 14, 2023

Professional Services, Insurance, Finance, IPO, Corebridge Financial, Equitable Holdings, Head, Multimedia, Individual retirement account, Retirement, Corporate finance, Mergers and acquisitions, Equitable, NYSE, Cryptocurrency, Financial services

Corebridge Financial today announced that Isil Muderrisoglu has been named Head of Investor and Rating Agency Relations, effective immediately.

Key Points:

Corebridge Financial today announced that Isil Muderrisoglu has been named Head of Investor and Rating Agency Relations, effective immediately.
Ms. Muderrisoglu will report to Elias Habayeb, Chief Financial Officer, Corebridge Financial.
View the full release here: https://www.businesswire.com/news/home/20230811897060/en/
Isil Muderrisoglu, Head of Investor and Rating Agency Relations, Corebridge Financial (Photo: Business Wire)
“Corebridge has made significant progress against the strategic initiatives and financial goals established at the time of the IPO,” said Habayeb.
Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives.

Los Angeles Celebrities and Philanthropists Raise Enough Funds to Provide the Equivalent of 1 Million Meals in Partnership with the Los Angeles Regional Food Bank

Retrieved on:

Thursday, August 17, 2023

LOS ANGELES, Aug. 17, 2023 /PRNewswire/ -- The Los Angeles Regional Food Bank hosted its 2nd Annual "A Million Reasons" Fundraising Event on the evening of Sunday, August 13, in a private home in the Hollywood Hills.

Key Points:

LOS ANGELES, Aug. 17, 2023 /PRNewswire/ -- The Los Angeles Regional Food Bank hosted its 2nd Annual "A Million Reasons" Fundraising Event on the evening of Sunday, August 13, in a private home in the Hollywood Hills.
Proceeds of the evening will provide more than 1,000,000 meals for those facing food insecurity in Los Angeles County.
Among the night's highlights was an exclusive performance by the legendary Gladys Knight - the iconic singer known as the "Empress of Soul."
"The funds raised will help to provide more than one million meals to people in LA County, bringing hope and nourishment to our community during these challenging times."

Corebridge Financial Announces Second Quarter 2023 Results

Retrieved on:

Friday, August 4, 2023

Accounting, Professional Services, Insurance, Finance, Corebridge Financial, EDT, Rare-earth element

Holding company liquidity of $1.6 billion as of June 30, 2023

Key Points:

Holding company liquidity of $1.6 billion as of June 30, 2023
Declared quarterly dividend of $0.23 per share of common stock on August 3, 2023, payable on September 29, 2023, to shareholders of record at the close of business on September 15, 2023
This release refers to key operating metrics and key terms.
Information about these metrics and terms can be found in "Key Operating Metrics and Key Terms" below
Corebridge will host a conference call on Friday, August 4, 2023, at 8:30 a.m. EDT to review these results.
The call is open to the public and can be accessed via a live listen-only webcast in the Investors section of corebridgefinancial.com.
A replay will be available after the call at the same location.

Corebridge Financial to Sell Laya Healthcare to AXA

Retrieved on:

Thursday, August 3, 2023

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (“laya healthcare”), to AXA for a total consideration of €650 million in cash.

Key Points:

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited (“laya healthcare”), to AXA for a total consideration of €650 million in cash.
The sale of laya healthcare is expected to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions.
Kevin Hogan, President and Chief Executive Officer of Corebridge, said: “Since AIG’s acquisition of laya healthcare in 2015, the company has solidified its position as a leading wellness and connected healthcare provider, while developing a strong track record of growth and profitability.
We look forward to working with the AXA team and our laya healthcare colleagues on a smooth transition of the business.”
Morgan Stanley & Co. LLC acted as financial advisor and A&L Goodbody LLP acted as legal counsel to Corebridge.

AIG Names Christopher Schaper Global Chief Underwriting Officer

Retrieved on:

Thursday, July 27, 2023

Insurance, Professional Services, International Marxist Group, ERC, Corebridge Financial, Culture, Multimedia, GE Capital, Iman Crosson, AIG, Sale, RenaissanceRe, Risk, American International Group, MGA, NYSE, Management

American International Group (NYSE: AIG) today announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023.

Key Points:

American International Group (NYSE: AIG) today announced that Christopher Schaper, currently CEO of AIG Re, has been named Global Chief Underwriting Officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023.
Mr. Schaper will report to Peter Zaffino, Chairman and Chief Executive Officer of AIG.
Mr. Schaper joined AIG in 2019 from Marsh McLennan, where he was CEO of Victor Insurance Holdings, Marsh’s global underwriting MGA.
Previously, he held leadership roles at Endurance Specialty Insurance Ltd., including Chief Underwriting Officer and Head of Reinsurance.