Corebridge Financial Sees Strategic Board and Ownership Shift

Corebridge Financial, Inc. ( (CRBG) ) has shared an update.

Nippon Life Insurance Company has acquired a 21.6% stake in Corebridge Financial from AIG for $3.8 billion, leading to significant changes in Corebridge’s Board of Directors. Alan Colberg has been appointed as the new Chair, succeeding Peter Zaffino. Additionally, Nippon’s Minoru Kimura and Blackstone’s Gilles Dellaert have been elected to the board, marking a strategic shift in governance following Nippon’s substantial investment.

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