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In 2020, AIG announced plans to perform the spin-off with a 2022 IPO. In July 2021, the company announced that Blackstone Group would acquire 9.9% of the new unit for $2.2 billion cash. Blackstone and AIG also entered a long-term asset management agreement for about one quarter of AIG's life and retirement portfolio, set to increase in ...
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
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The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. [1] The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.
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