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

The 4 most common business fraud schemes

Sometimes the hardest crimes to see are the ones perpetrated by people we trust.

Top Story

Attention! Here's why millennials matter to agents and brokers

Millennials bring $1.68 trillion in purchasing power--are you doing all you can to reach them?

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.