AIG launching separate business called Private Client Select Insurance Services, with backing from Stone Point Capital

American International Group Inc. AIG said Monday it’s forming an independent managing general agency called Private Client Select Insurance Services with backing from private equity firm Stone Point Capital LLC. Financial terms of the deal were not disclosed. AIG’s Private Client Group will be rebranded as Private Client Select Insurance Services . New York and Greenwich, Conn.

... American International Group Inc. AIG said Monday it’s forming an independent managing general agency called Private Client Select Insurance Services with backing from private equity firm Stone Point Capital LLC. Financial terms of the deal were not disclosed. AIG’s Private Client Group will be rebranded as Private Client Select Insurance Services . New York and Greenwich, Conn.

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