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.

Featured Video

Most Recent Videos

Video Library ››

Top Story

The Rising: PIA President Richie Clements' personal & professional resurrection, post-Katrina

PIA's national president reflects on the moment he became a “real” insurance agent, his agency's rebirth, and the challenges still faced by his beloved city 10 years after Hurricane Katrina.

Top Story

6 lessons insurers learned from Katrina

Ten years later, Katrina is still making an impression. Numerous lessons were learned from Katrina that have helped insurers and other first responders better prepare for other catastrophes. Some may seem obvious, but others demonstrate just how much has changed in the past decade.

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

Advertisement. Closing in 15 seconds.