AIG Reaches Key Milestone With Deconsolidation of Corebridge
AIGAIG(AIG) ZACKS·2024-06-12 01:21

American International Group, Inc. (AIG) has recently marked a major milestone with the deconsolidation of Corebridge Financial, Inc. (CRBG) for accounting purposes. It gave up majority control over Corebridge's board of directors, signified by the resignation of Chris Schaper, AIG's executive vice president and global chief underwriting officer, from Corebridge's board, which now has 12 members. This action finalizes the long-awaited separation of the two companies. For several years, AIG meticulously plan ...