AIG to sell 9.9% of its life and pension activities

American International Group (AIG) is selling 9.9% of its life insurance and pension activities to the American investment fund Blackstone. The transaction is valued at 2.2 billion USD.

The American insurer and Blackstone are also concluding a long-term strategic asset management partnership.

The transactions are expected to be finalized by the end of Q3 2021.