AIG inks $2.2bn deal with Blackstone in bid to separate L&R business

15-07-2021

AIG inks $2.2bn deal with Blackstone in bid to separate L&R business

Peter Zaffino, CEO, AIG

American International Group (AIG) has agreed to sell 9.9 percent equity stake in its life & retirement business to Blackstone for $2.2 billion in an all-cash deal that will generate "significant new capital" for AIG as it looks to separate its L&R business.


AIG, Blackstone, Agreement/Partnership, Insurance, Reinsurance, Peter Zaffino, Jon Gray, Kathleen McCarthy, North America

Intelligent Insurer