NEW YORK–(Business enterprise WIRE)–Mar 28, 2022–
American Global Team, Inc. (NYSE: AIG) today declared that it programs to rebrand SAFG Retirement Services, Inc., the dad or mum corporation of its Lifetime & Retirement small business, as Corebridge Monetary, Inc. when it results in being a general public enterprise.
“Today’s announcement signifies ongoing development as we put together our Existence & Retirement business to be a standalone firm,” mentioned Peter Zaffino, Chairman & CEO, AIG.
AIG’s Lifetime & Retirement company is just one of the greatest companies of retirement alternatives and insurance coverage solutions in the United States. The Person Retirement, Team Retirement, Existence Insurance plan and Institutional Marketplaces companies give answers that support people, and the institutions that guidance them, deal with today’s intricate economic and retirement needs.
“Our staff of fully commited colleagues work really hard every single working day to obtain answers that permit men and women to consider motion and create a safe bridge to their economical futures,” stated Kevin Hogan, Govt Vice President and Main Executive Officer of Lifestyle & Retirement. “As Corebridge, we will continue on to proudly associate with money and retirement industry experts to assist their customers really feel confident and motivated currently, and in handle of their tomorrow.”
No assurance can be provided concerning the type that long run separation transactions may possibly get or the precise phrases or timing thereof, or that a separation will in simple fact arise. Any separation transaction will be matter to the fulfillment of many ailments and approvals, such as receipt of insurance policies office and other expected regulatory approvals, and satisfaction of any applicable specifications of the Securities and Trade Fee (SEC).
This information launch is not an present to promote, or a solicitation of an offer to purchase, any securities.
American Worldwide Team, Inc. (AIG) is a foremost global insurance policy organization. AIG member providers give a large variety of house casualty insurance, lifestyle insurance plan, retirement answers, and other fiscal products and services to shoppers in somewhere around 70 nations around the world and jurisdictions. These diverse choices contain merchandise and services that enable companies and people today defend their belongings, take care of dangers and provide for retirement security. AIG typical inventory is detailed on the New York Stock Exchange.
Additional data about AIG can be located at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with supplemental details about AIG have been furnished as a advantage, and the info contained on such web sites is not included by reference into this push launch.
AIG is the advertising and marketing title for the around the world home-casualty, daily life and retirement, and typical insurance coverage functions of American Global Team, Inc. For additional info, please stop by our site at www.aig.com. All merchandise and expert services are prepared or furnished by subsidiaries or affiliates of American Worldwide Group, Inc. Merchandise or expert services may not be out there in all nations around the world and jurisdictions, and protection is matter to underwriting demands and true policy language. Non-coverage items and providers may perhaps be supplied by impartial 3rd events. Certain property-casualty coverages may perhaps be provided by a surplus lines insurance company. Surplus strains insurers do not generally participate in point out guaranty funds, and insureds are for that reason not protected by this sort of money.
About AIG’s Lifetime & Retirement Business
AIG’s Daily life & Retirement small business, which is getting rebranded as Corebridge Economic, brings alongside one another a broad portfolio of protection, retirement price savings, expense and life time revenue alternatives to assistance individuals realize monetary and retirement safety. The small business is composed of 4 running segments – Particular person Retirement, Group Retirement, Lifetime Insurance policy and Institutional Marketplaces – and holds longstanding, top sector positions in many of the markets it serves.
The Life & Retirement business enterprise involves AIG member insurance plan organizations American Normal Existence Coverage Company (Houston, TX), The United States Life Coverage Enterprise in the Metropolis of New York, and The Variable Annuity Lifetime Insurance policy Corporation (VALIC), Houston, TX as very well as their affiliates. AIG’s Life & Retirement also contains the United kingdom lifetime insurance plan company AIG Everyday living Limited and Laya Health care in Eire. Securities merchandise are distributed by AIG Cash Expert services, Inc., member FINRA. Further data about Existence & Retirement can be observed at lifeandretirement.aig.com.
View resource variation on businesswire.com:https://www.businesswire.com/news/house/20220328005592/en/
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Keyword: NEW YORK UNITED STATES NORTH The us
Sector Keyword: Expert Products and services OTHER Consumer Purchaser Insurance policies FINANCE BANKING
Resource: American International Group, Inc.
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PUB: 03/28/2022 04:45 PM/DISC: 03/28/2022 04:47 PM