AIG (AIG) to Rebrand Life & Retirement Business as Corebridge Financial Ahead of IPO

American Worldwide Group, Inc. (NYSE:) plans to rebrand SAFG Retirement Companies, Inc., the mother or father firm of its Life & Retirement enterprise, as Corebridge Monetary, Inc. when it takes the corporate public by way of an IPO. Corebridge is among the largest suppliers of retirement options and insurance coverage merchandise within the U.S.

After taking the corporate public, AIG will proceed to personal greater than half of Corebridge Monetary.

Peter Zaffino, Chairman & Chief Government Officer of AIG, may even function Chairman of Corebridge Monetary. As well as, the corporate named Alan Colberg, Christopher Lynch, Amy Schioldager, and Trish Walsh to the board. Blackstone (NYSE:)’s Jonathan Grey and Corebridge’s CEO Kevin Hogan are additionally board members. The six different administrators of Corebridge shall be made up of senior executives of AIG.