AIG files to float its life insurance and asset management business

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Rebranded Corebridge expected to be valued at about $20bn in the largest IPO of the year via IrishTimesBiz

to separate its general insurance and life businesses. But management changed its mind a few years later.

More pension funds, endowments and insurers are turning to these types of arrangements, often dubbed “outsourced chief investment officer” deals. They allow the asset owners to tap outside investing expertise and potentially cut costs by handing regulatory and operating responsibilities to a larger fund manager, such as BlackRock.

AIG previously agreed to hand off management of up to $92 billion in life and retirement assets to Blackstone at the time the latter took its stake in SAFG.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business insurance market will become more competitive, industry chief says | Business PostPressure is on courts to follow Personal Injuries Assessment Board and ‘slash’ awards, which will encourage market entrants, according to broker
Source: businessposthq - 🏆 8. / 71 Read more »

Revenue to contact 300,000 property owners yet to file LPT return | Business PostRevenue to contact 300,000 property owners yet to file LPT return, evadiminutive reports.
Source: businessposthq - 🏆 8. / 71 Read more »