AIG (AIG) Completes Deconsolidation of Corebridge Financial (CRBG)
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AIG Completes Deconsolidation of Corebridge Financial
June 10, 2024 5:30 AM EDTNEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial (NYSE: CRBG) for accounting purposes. The deconsolidation is a result of AIGs decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financials Board of Directors.
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