NEW YORK, March 28, 2022–(Company WIRE)–American Intercontinental Group, Inc. (NYSE: AIG) now introduced Directors for the Board of Administrators (Board) of Corebridge Financial, Inc. as it proceeds to put together its Lifetime & Retirement company to be a standalone business.
“Demonstrating a different important milestone toward the separation of Existence & Retirement from AIG, I am happy to announce a group of accomplished, knowledgeable and hugely credible Directors for Corebridge Money, the beforehand announced new title for this company,” said Peter Zaffino, Chairman & Chief Government Officer of AIG. “We are dedicated to excellent corporate governance, which starts off with Directors who provide numerous perspectives, ordeals, backgrounds, and insights to the boardroom.”
Peter Zaffino serves as Chairman of Corebridge Economic, and the Board will contain the next impartial administrators:
– Alan Colberg, Retired Main Government Officer, Assurant, Inc.
– Christopher Lynch, former Countrywide Spouse in Demand of KPMG LLP’s Financial Products and services Line of Enterprise
– Amy Schioldager, former Senior Managing Director and World-wide Head of Beta Approaches at BlackRock, Inc.
– Trish Walsh, Chief Authorized Officer, Stripe, Inc.
Jonathan Gray, President & Main Operating Officer, Blackstone, Inc. joined the Board in November 2021 next Blackstone’s 9.9 percent equity investment in the corporation. Kevin Hogan, Chief Executive Officer of Corebridge Fiscal, is also a member of the Board.
AIG expects to continue on to own much more than 50 percent of Corebridge Monetary pursuing its initial public supplying (IPO), therefore, an further 6 directors will be senior executives of AIG.
No assurance can be given pertaining to the type that foreseeable future separation transactions may well take or the unique terms or timing thereof, or that a separation will in fact arise. Any separation transaction will be topic to the satisfaction of numerous ailments and approvals, which includes receipt of insurance policies division and other demanded regulatory approvals, and satisfaction of any applicable requirements of the Securities and Trade Fee (SEC).
This news launch is not an provide to promote, or a solicitation of an present to acquire, any securities.
Mr. Zaffino has served as Chairman of the Board of Corebridge Monetary due to the fact November 2021. He turned Chairman of the Board of AIG in January 2022. Mr. Zaffino has served as Main Govt Officer of AIG considering the fact that March 2021 and President considering the fact that January 2020. He joined AIG in July 2017 as Govt Vice President, International Main Running Officer and was also appointed Main Government Officer, Standard Insurance coverage in November 2017. Prior to signing up for AIG, Mr. Zaffino served in different govt roles at Marsh McLennan, a world wide specialist providers company, which includes as Chairman for the Possibility and Insurance plan Products and services segment from 2015 to 2017 and Main Government Officer of Marsh, LLC from 2011 to 2017. Prior to that, Mr. Zaffino served as President and Main Govt Officer of Dude Carpenter, a subsidiary of Marsh McLennan, from 2008 to 2011, a corporation he to start with joined in 2001.
Mr. Colberg is envisioned to join the Board as of the day of the IPO. He beforehand served as the Main Govt Officer and a Director of Assurant, Inc. from January 2015 until eventually his retirement in January 2022. Prior to this function, he held different positions at Assurant, such as Executive Vice President of Advertising and marketing and Business enterprise Improvement. Right before joining Assurant in March 2011, Mr. Colberg was a advisor for Bain & Firm, Inc. for 22 many years, leading the firm’s worldwide fiscal services observe.
Mr. Hogan has served as a Director of Corebridge Financial considering that June 2021. Mr. Hogan has also served as President and Chief Government Officer of Corebridge Economical given that December 2014. He was also a founding board member of Alliance for Lifetime Income, where by he presently serves as a director. Mr. Hogan started out his profession in 1984 at AIG in New York, and subsequently held management positions in AIG Property Casualty in Chicago, Tokyo, Hong Kong, Singapore and China and AIG Lifetime & Retirement in China, Taiwan, and New York. From 2009 right up until rejoining AIG in 2013, he was Main Govt Officer, World Daily life for the Zurich Insurance policies Group. Prior to his latest purpose, he served as Chief Govt Officer of AIG’s Buyer business and senior officer for Japan.
Mr. Grey has served as a Director of Corebridge Monetary because November 2021, adhering to the closing of Blackstone’s 9.9% equity expense in AIG’s Life & Retirement enterprise. Mr. Grey is the President and Main Operating Officer of Blackstone Inc., owning joined Blackstone Inc. in 1992. Mr. Gray is a member of Blackstone Inc.’s Management Committee and formerly served as its International Head of Authentic Estate. Mr. Grey has served as a board member of Blackstone Inc. because February 2012, and as Chair of the Hilton Throughout the world Holdings Board of Administrators where he at this time serves as a director.
Mr. Lynch has served as a Director of Corebridge Money since November 2021. Mr. Lynch has been an independent specialist because 2007, providing a range of providers to general public and privately held firms. Prior to that, Mr. Lynch was the previous National Spouse in Cost of KPMG LLP’s Money Providers Line of Business enterprise. He held a variety of positions with KPMG more than his 29-year job, together with chairing KPMG’s Americas Economical Companies Leadership group and staying a member of the Worldwide Fiscal Expert services Leadership and the U.S. Industries Leadership groups. Mr. Lynch also served as a Lover in KPMG’s Countrywide Office of Experienced Practice and as a Exercise Fellow at the Fiscal Accounting Benchmarks Board. Mr. Lynch currently serves as a director of AIG. Mr. Lynch will not stand for re-election to the AIG Board at the Yearly Meeting in Could 2022.
Ms. Schioldager has served as a Director of Corebridge Money given that November 2021. Ms. Schioldager is the former Senior Managing Director and Worldwide Head of Beta Strategies at BlackRock, Inc. a international financial investment administration company. In this job, which she held from 2006 to 2017, Ms. Schioldager was responsible for managing the Index Equity company throughout seven world wide workplaces. In the course of her additional than 25 years at BlackRock, Ms. Schioldager held many other leadership positions and also served as a member of the World wide Government Committee from 2012 to 2017 and Vice Chair of the Corporate Governance Committee from 2008 to 2015. She also launched and led BlackRock’s Women’s Initiative. Ms. Schioldager at the moment serves as director of AIG. Ms. Schioldager will not stand for re-election to the AIG Board at the Annual Meeting in Could 2022.
Ms. Walsh is expected to join the Board as of the date of the IPO. She has served as Chief Authorized Officer of Stripe Inc. since January 2020. Prior to signing up for Stripe, Ms. Walsh served as Main Authorized Officer for Voya Financial, Inc. from 2015 to 2020. Prior to joining Voya, Ms. Walsh served as Deputy General Counsel at Cigna and at MassMutual. Prior to that, Ms. Walsh was an affiliate at Cleary, Gottlieb, Steen & Hamilton LLP and also labored for the Office of the General Counsel at the SEC.
American Global Group, Inc. (AIG) is a major global insurance coverage business. AIG member providers give a broad assortment of residence casualty insurance policy, everyday living insurance plan, retirement methods, and other economic services to consumers in around 70 international locations and jurisdictions. These diverse offerings include products and solutions and providers that enable organizations and folks defend their belongings, take care of risk, and provide for retirement stability. AIG common stock is outlined on the New York Stock Trade.
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AIG is the advertising and marketing title for the worldwide residence-casualty, daily life and retirement, and normal insurance operations of American Global Team, Inc. For supplemental information, please go to our internet site at www.aig.com. All items and products and services are published or presented by subsidiaries or affiliate marketers of American Intercontinental Group, Inc. Products or services may well not be available in all nations around the world and jurisdictions, and coverage is topic to underwriting requirements and true policy language. Non-insurance policy items and services could be provided by unbiased 3rd parties. Particular home-casualty coverages could be furnished by a surplus traces insurance company. Surplus traces insurers do not frequently participate in point out guaranty funds, and insureds are consequently not secured by these money.
About AIG’s Everyday living & Retirement Enterprise
AIG’s Life & Retirement small business, which will be renamed Corebridge Financial as of day of its IPO, brings alongside one another a wide portfolio of security, retirement cost savings, financial investment, and lifetime money options to enable people realize economical and retirement stability. The small business is made up of 4 running segments – Individual Retirement, AIG Retirement Services, Existence Insurance plan, and Institutional Marketplaces – and holds longstanding, primary marketplace positions in numerous of the markets it serves.
AIG’s Everyday living & Retirement business consists of AIG member insurance policy organizations American Standard Existence Insurance plan Organization (Houston, TX), The United States Daily life Coverage Corporation in the City of New York, and The Variable Annuity Daily life Insurance Business (VALIC), Houston, TX as very well as their affiliate marketers. AIG’s Daily life & Retirement company also contains the United kingdom daily life insurance policy business enterprise AIG Lifestyle Constrained and Laya Healthcare in Ireland. Securities merchandise are dispersed by AIG Cash Solutions, Inc., member FINRA. Supplemental facts about AIG Lifetime & Retirement can be uncovered at lifeandretirement.aig.com.
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