American International Group ( AIG) has agreed to sell around 120 million shares of its Corebridge common stock to Nippon Life Insurance Company for $3.8 billion.

The transaction is part of AIG's broader strategy to decrease its investment in Corebridge, which offers life insurance and retirement services.

Nippon Life Insurance Co. has agreed to acquire a 20% stake in Corebridge Financial Inc. for about $3.8 billion in cash, marking its biggest-ever deal as it seeks a foothold in the US.

AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.

Global insurer AIG has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The

Lawyers from three top deals firms advised on American International Group Inc.'s plan to sell a 20% stake in Corebridge Financial Inc. to Japan’s Nippon Life Insurance for $3.8 billion.

Insurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.

U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. The deal is part of AIG's efforts to reduce its holdings in the life and retirement business,

(Reuters) - American International Group said on Thursday it would sell a 20% stake in its life insurance and retirement unit Corebridge Financial for $3.8 billion. The stake would be sold to Nippon Life Insurance Company, and the deal is expected to close by the first quarter of 2025, AIG said.

Insurance company American International Group agreed to sell a 20% stake in Corebridge Financial to Nippon Life Insurance for about $3.8 billion in cash, according to a May 16 news release. AIG owns more than 50% of Corebridge,

Nippon Life Insurance Co. is on the hunt to take stakes in other insurers and asset managers in the US and Asia after it agreed to its biggest-ever M&A deal.