AIG Announces Strategic Partnerships with BlackRock to Manage Certain AIG and Life & Retirement Assets
American International Group, Inc. (NYSE: AIG) and BlackRock, Inc. (NYSE: BLK) today announced significant partnerships where certain liquid fixed income and private placement assets will be managed by BlackRock.
- American International Group, Inc. (NYSE: AIG) and BlackRock, Inc. (NYSE: BLK) today announced significant partnerships where certain liquid fixed income and private placement assets will be managed by BlackRock.
- The arrangements contemplate BlackRock managing up to $60 billion of the global AIG investment portfolio and up to $90 billion of the Life & Retirement investment portfolio.
- Additionally, BlackRocks Aladdin platform will provide investment management technology for both AIG and Life & Retirement.
- This is another important milestone as our momentum continues toward the separation of our Life & Retirement business and future state of AIG.