AIG (AIG) to Rebrand Life & Retirement Business as Corebridge Financial Ahead of IPO By Investing.com

March 29, 2022 admin Stock News 0


© Reuters. AIG (AIG) to Rebrand Life & Retirement Business as Corebridge Financial Ahead of IPO

American International Group, Inc. (NYSE:) plans to rebrand SAFG Retirement Services, Inc., the parent company of its Life & Retirement business, as Corebridge Financial, Inc. when it takes the company public via an IPO. Corebridge is one of the largest providers of retirement solutions and insurance products in the U.S.

After taking the company public, AIG will continue to own more than half of Corebridge Financial.

Peter Zaffino, Chairman & Chief Executive Officer of AIG, will also serve as Chairman of Corebridge Financial. In addition, the company named Alan Colberg, Christopher Lynch, Amy Schioldager, and Trish Walsh to the board. Blackstone (NYSE:)’s Jonathan Gray and Corebridge’s CEO Kevin Hogan are also board members. The six other directors of Corebridge will be made up of senior executives of AIG.

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