Filed Under:Markets, Personal Lines

AIG Reportedly Sells Stake in Blackstone

NU Online News Service, March 2, 2:55 p.m. EST

AIG is reportedly selling its stake in private-equity firm Blackstone Group for $500 million, according to CNBC, which cites unnamed sources.

CNBC further states, “Blackstone has long been an adviser to AIG, but the sale marks building tensions between the two firms.”

The buyer is not yet known, CNBC says, adding that the sale was made before the market opened today.

Top Story

Willis expands cyber practice with new leadership appointments

Willis North America on Monday reinforced its position as a cyber risk advisor and insurance broker with a series of key appointments.

Top Story

Number of renters is on the rise, but few of them have insurance

In many U.S. cities where renters outnumber homeowners, disaster risk is high.

More Resources

Comments

eNewsletter Sign Up

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Mobile Phone
         
Close

Advertisement. Closing in 15 seconds.