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AIG/Lincoln was established in 1997 as a strategic partnership between AIG Global Real Estate Investment Corporation, New York, a subsidiary of AIG - American International Group, New York, and Lincoln Property Company, a Dallas based commercial real estate manager...
AIG sold its Taiwanese life insurance company Nan Shan Life to a consortium of buyers for $2.16 billion in January 2011. [80] Due to the Q3 2011 net loss widening, on November 3, 2011, AIG shares plunged 49 percent year to date. The insurer's board approved a share buyback of as much as $1 billion. [81]
NEW YORK (Reuters) -American International Group INC has decided to use an IPO to sell a 19.9% stake in its life and retirement business, Chief Executive Officer Peter Zaffino said on Friday ...
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 subsequent years. [14] In September 2023, it was announced Corebridge had sold its subsidiary, the London -headquartered life insurance company AIG Life Limited (AIG Life UK) to the British ...
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Benmosche's management has been credited with leading the company back to profitability, the full repayment to the Federal Reserve Bank of New York, reducing the Treasury Department's stake in AIG to below 20% and the repayment of the 2008 $85 billion federal loan. [22] [23]
He then oversaw all international property-casualty operations from AIG's New York offices. [4] Greenberg was named president and COO in 1997 and was considered the heir apparent to take over as CEO of AIG. [2] [1] Despite Greenberg being in line to take over the company, he left his position as president in September 2000. [6]