AIG files to float its life insurance and asset management business

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.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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
Fuente: businessposthq - 🏆 8. / 71 Leer más »

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.
Fuente: businessposthq - 🏆 8. / 71 Leer más »