Corebridge Financial Completes Sale of UK Life Insurance Business to Aviva plc
09 Abril 2024 - 1:19AM
Business Wire
Corebridge Financial, Inc. (NYSE: CRBG) today announced that it
has completed the previously announced sale of its UK life
insurance business (operating as AIG Life Limited) to Aviva
plc.
The transaction allows Corebridge to focus on Life &
Retirement products and solutions in the United States.
J.P. Morgan Securities LLC acted as financial advisor and
Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel
to Corebridge.
About Corebridge Financial
Corebridge Financial, Inc. makes it possible for more people to
take action in their financial lives. With more than $380 billion
in assets under management and administration as of December 31,
2023, Corebridge Financial is one of the largest providers of
retirement solutions and insurance products in the United States.
We proudly partner with financial professionals and institutions to
help individuals plan, save for and achieve secure financial
futures. For more information, visit corebridgefinancial.com and
follow us on LinkedIn and YouTube. These references with additional
information about Corebridge have been provided as a convenience,
and the information contained on such websites is not incorporated
by reference into this press release.
About AIG
American International Group, Inc. (NYSE: AIG) is a leading
global insurance organization. AIG provides insurance solutions
that help businesses and individuals in approximately 190 countries
and jurisdictions protect their assets and manage risks through AIG
operations and network partners. For additional information, visit
www.aig.com. This website with additional information about AIG has
been provided as a convenience, and the information contained on
such website is not incorporated by reference into this press
release.
AIG is the marketing name for the worldwide operations of
American International Group, Inc. All products and services are
written or provided by subsidiaries or affiliates of American
International Group, Inc. Products or services may not be available
in all countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20240408242557/en/
Corebridge Contacts: Işıl Müderrisoğlu (Investors):
investorrelations@corebridgefinancial.com Matt Ward (Media):
media.contact@corebridgefinancial.com
AIG Contacts: Quentin McMillan (Investors):
quentin.mcmillan@aig.com Claire Talcott (Media):
claire.talcott@aig.com
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