In recent updates concerning American International Group (AIG), several new investment positions have been established and existing ones altered. With organizations like Scarborough Advisors LLC and BlueMar Capital Management LLC adjusting their stakes in AIG. Some transactions also involve Cresset Asset Management LLC, State of Tennessee Treasury Department, and Gillson Capital LP selling their shares in the company. Conversely, the AIG's strong financial performance has attracted substantial attention. The company has beaten Q4 profit estimates, reported robust Q4 and full year results, and exceeded expectations in Q1. Furthermore, higher dividends are being doled out compared to last year.
A significant development has been the AIG's sale of a 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion. This has led to the successful deconsolidation of Corebridge Financial. Another important announcement is the upcoming retirement of David McElroy, chair of AIG’s general insurance unit. Furthermore, strategic decisions have been aplenty with AIG altering its Corebridge agreement, enhancing board independence, and appointing Roshan Navagamuwa as its new EVP & CIO.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Sun, 16 Jun 2024 11:39:57 GMT - Rating 7 - Innovation 1 - Information 8 - Rumor -1
