- Barrons.com
Warren Buffett Bought Chubb. Oakmark’s Nygren Says Buy This Stock Instead.
Investors looking to replicate Berkshire Hathaway’s success can buy that stock, or they can look for undiscovered value in the same sector.
- Zacks
AIG to Divest 20% Corebridge Stake to Nippon Life for $3.8B
AIG continues to streamline its operations to intensify focus on its General Insurance business.
- Reuters
AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion
The deal is part of AIG's efforts to reduce its holdings in the life and retirement business, which it had listed as a separate company in 2022 following years of pressure from activist investors. It did not specify what the proceeds from the sale would be used for, but has previously said they could be used for stock buybacks. The insurer had a nearly 53% stake in Corebridge before the latest deal, according to regulatory filings.
