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