American International Group (AIG) is selling 9.9% of its life insurance and pension activities to the American investment fund Blackstone. The transaction is valued at 2.2 billion USD.
The American insurer and Blackstone are also concluding a long-term strategic asset management partnership.
The transactions are expected to be finalized by the end of Q3 2021.
Read also | AIG: net loss reached 5.973 billion USD in 2020 [4]
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[3] https://www.atlas-mag.net/en/issue/the-insurance-market-after-the-covid-19
[4] https://www.atlas-mag.net/en/article/aig-net-loss-reached-5973-billion-usd-in-2020