NEW YORK, March 28, 2022–(Organization WIRE)–American Intercontinental Team, Inc. (NYSE: AIG) these days declared Directors for the Board of Directors (Board) of Corebridge Economic, Inc. as it continues to get ready its Daily life & Retirement organization to be a standalone firm.
“Demonstrating another important milestone towards the separation of Existence & Retirement from AIG, I am delighted to announce a team of attained, seasoned and very credible Administrators for Corebridge Financial, the earlier introduced new name for this organization,” stated Peter Zaffino, Chairman & Chief Executive Officer of AIG. “We are dedicated to exceptional company governance, which begins with Administrators who provide numerous perspectives, encounters, backgrounds, and insights to the boardroom.”
Peter Zaffino serves as Chairman of Corebridge Money, and the Board will incorporate the adhering to independent administrators:
– Alan Colberg, Retired Chief Government Officer, Assurant, Inc.
– Christopher Lynch, previous Nationwide Husband or wife in Cost of KPMG LLP’s Fiscal Expert services Line of Company
– Amy Schioldager, previous Senior Running Director and International Head of Beta Approaches at BlackRock, Inc.
– Trish Walsh, Chief Lawful Officer, Stripe, Inc.
Jonathan Gray, President & Chief Running Officer, Blackstone, Inc. joined the Board in November 2021 adhering to Blackstone’s 9.9 % equity financial investment in the business. Kevin Hogan, Chief Government Officer of Corebridge Money, is also a member of the Board.
AIG expects to carry on to have much more than 50 per cent of Corebridge Fiscal adhering to its preliminary general public providing (IPO), consequently, an extra 6 directors will be senior executives of AIG.
No assurance can be given concerning the type that long run separation transactions may perhaps just take or the unique phrases or timing thereof, or that a separation will in reality happen. Any separation transaction will be topic to the gratification of many problems and approvals, which includes receipt of insurance coverage office and other expected regulatory approvals, and gratification of any applicable necessities of the Securities and Trade Fee (SEC).
This news release is not an provide to provide, or a solicitation of an present to purchase, any securities.
Mr. Zaffino has served as Chairman of the Board of Corebridge Financial due to the fact November 2021. He grew to become Chairman of the Board of AIG in January 2022. Mr. Zaffino has served as Chief Government Officer of AIG since March 2021 and President given that January 2020. He joined AIG in July 2017 as Executive Vice President, World wide Main Operating Officer and was also appointed Main Executive Officer, Common Insurance policy in November 2017. Prior to signing up for AIG, Mr. Zaffino served in several govt roles at Marsh McLennan, a world-wide specialist products and services agency, together with as Chairman for the Threat and Insurance policies Companies section from 2015 to 2017 and Main Govt Officer of Marsh, LLC from 2011 to 2017. Prior to that, Mr. Zaffino served as President and Main Executive Officer of Person Carpenter, a subsidiary of Marsh McLennan, from 2008 to 2011, a corporation he 1st joined in 2001.
Mr. Colberg is expected to be part of the Board as of the day of the IPO. He earlier served as the Chief Executive Officer and a Director of Assurant, Inc. from January 2015 until finally his retirement in January 2022. Prior to this purpose, he held various positions at Assurant, including Executive Vice President of Internet marketing and Organization Development. Before signing up for Assurant in March 2011, Mr. Colberg was a specialist for Bain & Business, Inc. for 22 yrs, main the firm’s international monetary expert services practice.
Mr. Hogan has served as a Director of Corebridge Economical considering the fact that June 2021. Mr. Hogan has also served as President and Chief Govt Officer of Corebridge Money given that December 2014. He was also a founding board member of Alliance for Life time Income, in which he currently serves as a director. Mr. Hogan begun his profession in 1984 at AIG in New York, and subsequently held management positions in AIG Assets Casualty in Chicago, Tokyo, Hong Kong, Singapore and China and AIG Lifetime & Retirement in China, Taiwan, and New York. From 2009 until rejoining AIG in 2013, he was Main Executive Officer, Global Lifestyle for the Zurich Insurance coverage Team. Prior to his present function, he served as Main Government Officer of AIG’s Buyer group and senior officer for Japan.
Mr. Gray has served as a Director of Corebridge Monetary considering that November 2021, pursuing the closing of Blackstone’s 9.9% equity investment decision in AIG’s Lifetime & Retirement organization. Mr. Gray is the President and Chief Operating Officer of Blackstone Inc., having joined Blackstone Inc. in 1992. Mr. Gray is a member of Blackstone Inc.’s Administration Committee and previously served as its World Head of Serious Estate. Mr. Gray has served as a board member of Blackstone Inc. considering that February 2012, and as Chair of the Hilton Around the globe Holdings Board of Directors in which he at this time serves as a director.
Mr. Lynch has served as a Director of Corebridge Financial given that November 2021. Mr. Lynch has been an impartial expert since 2007, providing a wide variety of solutions to community and privately held corporations. Prior to that, Mr. Lynch was the former National Husband or wife in Demand of KPMG LLP’s Financial Companies Line of Enterprise. He held a wide range of positions with KPMG over his 29-year profession, such as chairing KPMG’s Americas Monetary Companies Leadership team and becoming a member of the Worldwide Fiscal Products and services Management and the U.S. Industries Leadership groups. Mr. Lynch also served as a Companion in KPMG’s Nationwide Office of Experienced Practice and as a Apply Fellow at the Financial Accounting Expectations Board. Mr. Lynch at present serves as a director of AIG. Mr. Lynch will not stand for re-election to the AIG Board at the Annual Conference in May perhaps 2022.
Ms. Schioldager has served as a Director of Corebridge Financial given that November 2021. Ms. Schioldager is the previous Senior Controlling Director and Worldwide Head of Beta Strategies at BlackRock, Inc. a world wide financial investment administration corporation. In this purpose, which she held from 2006 to 2017, Ms. Schioldager was responsible for handling the Index Fairness small business throughout 7 global places of work. All through her more than 25 yrs at BlackRock, Ms. Schioldager held various other leadership positions and also served as a member of the World wide Executive Committee from 2012 to 2017 and Vice Chair of the Company Governance Committee from 2008 to 2015. She also started and led BlackRock’s Women’s Initiative. Ms. Schioldager presently serves as director of AIG. Ms. Schioldager will not stand for re-election to the AIG Board at the Yearly Meeting in May possibly 2022.
Ms. Walsh is predicted to be part of the Board as of the date of the IPO. She has served as Main Authorized Officer of Stripe Inc. due to the fact January 2020. Prior to signing up for Stripe, Ms. Walsh served as Chief Lawful Officer for Voya Economic, Inc. from 2015 to 2020. Just before joining Voya, Ms. Walsh served as Deputy Common Counsel at Cigna and at MassMutual. Prior to that, Ms. Walsh was an associate at Cleary, Gottlieb, Steen & Hamilton LLP and also worked for the Workplace of the Common Counsel at the SEC.
American International Group, Inc. (AIG) is a top world insurance policy group. AIG member businesses deliver a broad variety of assets casualty insurance, lifestyle coverage, retirement methods, and other economical services to clients in roughly 70 nations around the world and jurisdictions. These diverse choices incorporate merchandise and companies that help firms and people protect their property, take care of possibility, and offer for retirement security. AIG frequent inventory is shown on the New York Inventory Trade.
More details about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/corporation/aig. These references with supplemental data about AIG have been delivered as a comfort, and the facts contained on these kinds of web sites is not incorporated by reference into this press launch.
AIG is the advertising and marketing name for the throughout the world house-casualty, life and retirement, and general insurance policies functions of American Global Team, Inc. For additional data, please stop by our website at www.aig.com. All merchandise and products and services are composed or delivered by subsidiaries or affiliate marketers of American Intercontinental Group, Inc. Items or companies could not be out there in all nations and jurisdictions, and coverage is subject to underwriting needs and actual plan language. Non-insurance plan goods and providers could be provided by independent 3rd get-togethers. Specific property-casualty coverages may be provided by a surplus lines insurance provider. Surplus strains insurers do not generally take part in condition guaranty resources, and insureds are thus not safeguarded by these money.
About AIG’s Lifestyle & Retirement Business
AIG’s Lifestyle & Retirement enterprise, which will be renamed Corebridge Economic as of date of its IPO, brings jointly a broad portfolio of defense, retirement cost savings, financial commitment, and life span cash flow alternatives to support people today reach economic and retirement protection. The business is composed of 4 running segments – Personal Retirement, AIG Retirement Solutions, Lifestyle Insurance, and Institutional Markets – and holds longstanding, leading market positions in numerous of the marketplaces it serves.
AIG’s Existence & Retirement small business incorporates AIG member coverage companies American Standard Life Insurance policy Organization (Houston, TX), The United States Lifestyle Insurance plan Organization in the City of New York, and The Variable Annuity Everyday living Insurance plan Enterprise (VALIC), Houston, TX as effectively as their affiliate marketers. AIG’s Everyday living & Retirement business enterprise also features the United kingdom lifetime insurance policy organization AIG Life Restricted and Laya Healthcare in Ireland. Securities goods are distributed by AIG Money Expert services, Inc., member FINRA. Added facts about AIG Existence & Retirement can be observed at lifeandretirement.aig.com.
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