American International Group (AIG) has reached a significant agreement to sell approximately 120 million shares of Corebridge Financial, Inc. common stock to Nippon Life Insurance Company (Nippon Life). The transaction is valued at $31.47 per share, totaling an impressive $3.8 billion. This deal sees Nippon Life acquiring a 20% stake in Corebridge at the time […]
Corebridge Financial, Inc. (NYSE: CRBG), a leading entity in the life and retirement products sector, has successfully concluded the sale of its UK-based life insurance business, AIG Life Limited, to Aviva plc, one of the foremost names in the financial services industry. This transaction, valued at £453 million, marks a significant milestone for Corebridge, allowing […]
Aviva plc, a leading insurance provider, has announced its strategic acquisition of AIG Life Limited, commonly known as AIG Life UK, from Corebridge Financial, Inc., a subsidiary of American International Group, Inc. (AIG). The deal, valued at £460 million, signifies Aviva’s commitment to fortifying its presence in the protection market, where it has already demonstrated […]
Insurance giant AXA announced today that it has entered into an agreement to acquire Laya Healthcare Limited from Corebridge Financial Inc., a subsidiary of AIG, for a consideration of €650 million. The acquisition, representing an expected price-to-earnings multiple of around 11x, is set to have an impact of -3 points on AXA Group’s Solvency II […]