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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 ...
AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. [11] AIG was ranked 60th on the 2018 Fortune 500 list. [12] According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world. [13]
He was appointed President & Chief Executive Officer by the US Department of Treasury and AIG Board of Directors to succeed Edward M. Liddy. [2] [3] Benmosche is known for his leadership at AIG, where he led a turnaround, improved profits 60% year over year, and paid down government aid pledged by the Bush and Obama Administrations. [4] [5]
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AIG's latest move comes as Chief Executive Officer Brian Duperreault, who took charge last year, is trying to grow the insurer as part of a strategy for boosting its revenues. AIG to acquire ...
It's no secret that American International Group has been looking to sell assets in the wake of its financial difficulties. This insurance company yard sale of sorts had outside investors picking ...
In 2009, it was reported that following the financial crisis and the fall in the AIG share price from $70 to $2, Gonda was looking to sell assets, including "an eight-bedroom, $35-million Beverly Hills mansion, a $43-million Gulfstream V corporate jet and a $3-million beachfront home". [3]
This has been a banner year for American International Group , marking its first fiscal year following the end of governmental ownership. For investors, one of the key developments for the ...