MW GP644 MicroS ZG 20180906154215 1 captis executive search management consulting leadership board services

AIG files IPO for its retirement unit, SAFG Retirement Services and will rename it Corebridge

MW GP644 MicroS ZG 20180906154215 1 captis executive search management consulting leadership board services

SAFG Retirement Services Inc. on Monday filed its initial public offering to trade on the NYSE under the symbol CRBG with underwriters J.P. Morgan, Morgan Stanley and Piper Sandler. The Houston-based retirement company is currently a unit of American International Group Inc.
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AIG said it would rename the company Corebridge Financial. Corebridge Financial (SAFG Retirement) manages $410.9 billion of clients assets as of Dec. 31 as one of the largest providers of retirement solutions and insurance in the U.S. AIG CEO Peter Zaffino is chairman of SAFG Retirement Services. Kevin Hogan has been CEO of SAFG since 2014. SAFG reported 2021 net income of $7.36 billion and revenue of $23.39 billion compared to $642 million in net income and revenue of $15.1 billion in 2020. Separately, AIG announced Corebridge’s board of directors which includes Jonathan Gray, COO of Blackstone Inc.
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which has invested 9.9% equity in the company in November. AIG will own more than 50% of Corebridge after its IPO.

This is not a CAPTIS article. Originally, it was published here.