AIG and Blackstone Close Transaction in Life & Retirement Business

AIG sells travel insurance product to Zurich

American International Group, Inc. and Blackstone today announced that the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio has closed. It was announced back in July that the pair had… Continue reading AIG and Blackstone Close Transaction in Life & Retirement Business

AIG’s Zaffino Says Firm Is Fielding Calls on Life-Business Sale

AIG

American International Group Inc. has been fielding inquiries from companies that may want to buy a stake in the life and retirement business the insurer is seeking to divest. “We received inquiries from parties interested in strategically aligning with us and potentially purchasing the 19.9% stake in life and retirement,” President Peter Zaffino said Wednesday… Continue reading AIG’s Zaffino Says Firm Is Fielding Calls on Life-Business Sale