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Employee Benefits

AIG sells stake in its life and retirement busines to Blackstone

July 16, 2021 Reprints

American International Group Inc. has agreed to sell a 9.9% stake in its life insurance and retirement business to Blackstone Group Inc. for $2.2 billion and entered an asset management relationship with the money manager, Business Insurance reported. In addition, AIG is selling its U.S. affordable housing portfolio to a Blackstone affiliate for $5.1 billion.

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AIG sells stake in its life and retirement busines to Blackstone

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