American International Group Agrees to Sell Stake in Corebridge Financial to Nippon Life

Thursday, 16 May 2024, 10:20

Read about the recent agreement between AIG and Nippon Life where AIG is selling a 20% stake in Corebridge Financial for $3.8 billion. This deal marks a significant move in the insurance industry and highlights international partnerships shaping the financial sector.

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American International Group to Divest Stake in Corebridge

Insurance giant American International Group has reached an agreement to sell a 20% stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.

Key Points:

$3.8 billion deal for a 20% stake sale
Strategic move in the insurance industry
Enhancing international partnerships in the financial sector

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.