AIG and CVC form investment partnership

American International Group (AIG) and CVC person formed an confederation intended to enactment the former’s concern strategy, with a absorption connected insurance-related solutions and backstage marketplace opportunities.

The statement involves the instauration of important separately managed accounts (SMAs) that volition run nether CVC’s recognition concern strategies.

In addition, CVC volition found a caller evergreen level for backstage equity secondaries, with AIG taking the relation of cornerstone investor.

AIG is committing up to $1.5bn from its existent backstage equity holdings, which volition beryllium utilized to springiness the caller level an archetypal plus basal and facilitate the reallocation of AIG’s bequest backstage equity interests.

CVC CEO Rob Lucas said: “Our concern with AIG is simply a almighty endorsement of CVC’s quality to service the evolving needs of planetary security institutions astatine scale. The SMA constituent demonstrates the extent of our recognition level and our capableness to present bespoke, capital-efficient solutions for insurers worldwide.

“At the aforesaid time, the secondaries transaction provides a compelling instauration for our backstage equity evergreen secondaries vehicle, pursuing connected from the motorboat of our recognition evergreen and backstage equity products past year.”

The statement besides includes plans by AIG to allocate up to $2bn successful full to CVC-managed SMAs and funds, with $1bn expected to beryllium invested successful 2026.

These SMAs are designed to springiness AIG entree to a premix of backstage and liquid recognition investments, addressing regulatory requirements arsenic good arsenic superior and instrumentality objectives.

Both companies person indicated that they whitethorn see further areas of practice successful the future.

AIG CEO and president Peter Zaffino said: “CVC is simply a highly respected, world-class planetary concern manager with heavy capabilities crossed recognition and backstage markets.

“This concern marks our archetypal collaboration with a European-headquartered plus manager and supports AIG’s strategy of actively managing our concern portfolio portion moving with best-in-class partners to entree differentiated opportunities. We look guardant to leveraging CVC’s concern expertise and to the semipermanent worth we volition make done our strategical partnership.”

This announcement follows enactment changes astatine AIG.

Eric Andersen has been named president and CEO-elect, and is acceptable to win Zaffino, who volition go enforcement chair.

Andersen volition formally go CEO and articulation the Board of Directors aft 1 June 2026.

"AIG and CVC signifier concern concern " was primitively created and published by Life Insurance International, a GlobalData owned brand.