NYSE:AIG

AIG Announces Reference Yields and Total Consideration for its Tender Offer for Debt Securities

Retrieved on: 
Tuesday, November 21, 2023
Professional Services, Insurance, Finance, Telephone, Security (finance), Mini-tender offer, Exercise, Date, Participation, Tender offer, Nature, SMBC Nikko Securities, AIG, Personal Information Agent, BNP Paribas, BofA Securities, Accrued interest, Settlement, News, Tender, Cryptocurrency, Life insurance

As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points: 
  • As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
  • In addition, holders whose Securities are accepted will also receive Accrued Interest (as defined below) on such Securities.
  • The early participation date for the Tender Offer was 5:00 p.m. (New York City time), on November 20, 2023 (the “Early Participation Date”).
  • AIG will not accept for purchase any other Securities tendered in the Tender Offer.

AIG Announces Early Results and Upsizing of Its Tender Offer for Debt Securities

Retrieved on: 
Tuesday, November 21, 2023
Insurance, Professional Services, Telephone, Security (finance), Mini-tender offer, Date, Tender offer, Nature, Acceptance, Accrued interest, SMBC Nikko Securities, AIG, Personal Information Agent, FX, BNP Paribas, BofA Securities, Settlement, Interest, News, Cryptocurrency

(1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.

Key Points: 
  • (1) As reported by Ipreo LLC, the Information Agent and Tender Agent in connection with the Tender Offer.
  • Pursuant to the terms of the Tender Offer, AIG will accept for payment up to the Tender Cap Securities validly tendered and not validly withdrawn as shown in the table above and in accordance with the Acceptance Priority Levels.
  • Because the aggregate purchase price of the Securities validly tendered at or prior to the Early Participation Date exceeds the Tender Cap, AIG does not expect to accept any further tenders of Securities.
  • Securities that have been validly tendered and not validly withdrawn at or before the Early Participation Date and are accepted in the Tender Offer will be purchased, retired and canceled by AIG on the Early Settlement Date.

AIG Appoints Roshan Navagamuwa as Executive Vice President and Chief Information Officer

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Insurance, Finance, American International Group, NYSE, Engineering, CVS Health, Multimedia, International Marxist Group, CIO, AIG, EVP, COVID-19, Senior advisor, Lead, Pharmacy benefit management, Health, Aon Hewitt, Management

American International Group, Inc. (NYSE: AIG) today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024.
  • Mr. Navagamuwa will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.
  • Mr. Zaffino said: “Roshan is an accomplished technology executive with an impressive track record of innovating software development and managing through complex organizational change.
  • I look forward to working with Peter and the collaborative world-class team he has assembled to employ technology that enables AIG’s innovation, disciplined execution and operational excellence.”
    Mr. Navagamuwa joins AIG from CVS Health (NYSE: CVS), where he was Executive Vice President and Chief Information Officer.

AIG Announces Closing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Wednesday, November 8, 2023
Professional Services, Insurance, Finance, American International Group, Sale, International Marxist Group, NYSE, J. P. Morgan, Telephone, Attention, AIG, Corebridge Financial, Prospectus, J.P. Morgan & Co., Broadridge Financial Solutions, Security (finance)

American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, sold 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge at a public offering price of $20.50 per share, which included a 30-day option to the underwriters to purchase up to an additional 7.5 million shares.
  • The proceeds of the offering to AIG, after deducting underwriting discounts and commissions and other expenses payable by AIG, were approximately $1.0 billion.
  • The offering of common stock was made only by means of a prospectus and an accompanying prospectus supplement.

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Monday, November 6, 2023
Finance, Consulting, Banking, Professional Services, Insurance, American International Group, Sale, International Marxist Group, NYSE, J. P. Morgan, Telephone, Attention, AIG, Prospectus, J.P. Morgan & Co., Broadridge Financial Solutions, Security (finance), Corebridge Financial

American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $20.50 per share.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $20.50 per share.
  • AIG, as the selling stockholder, has offered 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge, corresponding to approximately $1.0 billion of proceeds.
  • AIG has also granted a 30-day option to the underwriters to purchase up to an additional 7.5 million shares.
  • The offering of common stock is being made only by means of a prospectus and an accompanying prospectus supplement.

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

Retrieved on: 
Monday, November 6, 2023
Finance, Consulting, Banking, Professional Services, Insurance, American International Group, Sale, International Marxist Group, NYSE, J. P. Morgan, Telephone, Attention, AIG, Corebridge Financial, Prospectus, J.P. Morgan & Co., Broadridge Financial Solutions, Security (finance)

American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock.
  • AIG, as the selling stockholder, is offering 50 million existing shares of common stock (out of approximately 631 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 7.5 million shares.
  • The last reported per share sale price of Corebridge Financial’s common stock on November 3, 2023 was $21.08.
  • The proposed offering of common stock is being made only by means of a prospectus and accompanying prospectus supplement.

AIG Commences Cash Tender Offer for Debt Securities

Retrieved on: 
Monday, November 6, 2023
Banking, Professional Services, Insurance, Finance, American International Group, SMBC Nikko Securities, NYSE, Tender, Telephone, News, Exercise, Nature, Participation, BNP Paribas, AIG, Personal Information Agent, International Marxist Group, BofA Securities, Security (finance)

American International Group, Inc. (NYSE: AIG) today commenced a cash tender offer for 13 series of its outstanding debt securities.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today commenced a cash tender offer for 13 series of its outstanding debt securities.
  • The complete terms of the tender offer are set forth in the offer to purchase, dated today.
  • Securities that are accepted in the tender offer will be purchased, retired, and cancelled by AIG.
  • Subject to applicable law, AIG may waive certain of these conditions or extend, terminate or otherwise amend the tender offer.

AIG Completes Sale of Validus Re to RenaissanceRe

Retrieved on: 
Wednesday, November 1, 2023
Asset Management, Professional Services, Insurance, American International Group, Sale, Wachtell, Lipton, Rosen & Katz, DeBevoise, NYSE, Acquisition, Martha Plimpton, AIG, RenaissanceRe, J.P. Morgan & Co., International Marxist Group, Western world

American International Group, Inc. (NYSE: AIG) today announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe.
  • AIG received total consideration of $3.3 billion in cash, including a pre-closing dividend, and approximately $275 million in RenaissanceRe common shares.
  • As disclosed in May 2023, AIG will retain Talbot Underwriting and Western World, which the company purchased as part of its acquisition of Validus Holdings, Ltd. in 2018.
  • and J.P. Morgan Securities LLC acted as financial advisors, and Wachtell, Lipton, Rosen & Katz and Debevoise & Plimpton LLP acted as legal counsel for AIG.

Corebridge Financial Completes Sale of Laya Healthcare to AXA

Retrieved on: 
Tuesday, October 31, 2023
Professional Services, Health, Health Insurance, Human Resources, Finance, Asset Management, Morgan Stanley, Sale, Laya Healthcare, NYSE, AXA, Corebridge Financial

Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has successfully completed the previously announced sale of Laya Healthcare Limited (“laya healthcare”) to a subsidiary of AXA S.A. (“AXA”).

Key Points: 
  • Corebridge Financial, Inc. (NYSE: CRBG) today announced that it has successfully completed the previously announced sale of Laya Healthcare Limited (“laya healthcare”) to a subsidiary of AXA S.A. (“AXA”).
  • Laya healthcare, which is the second largest health insurance provider in Ireland, is a full-service managing general agent headquartered in Cork, Ireland and offers a diverse suite of innovative health insurance products and services in Ireland, along with life insurance and travel insurance.
  • Morgan Stanley & Co. LLC acted as financial advisor and A&L Goodbody LLP acted as legal counsel to Corebridge.