NEW YORK–(BUSINESS THREAD)–American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired CEO of Assurant, Inc., and Trish Walsh, Chief Legal Officer of Stripe, Inc., will join Corebridge Financial, Inc.’s Board of Directors. (Corebridge) from 1 September 2022.
“The official appointment of Alan and Trish as independent directors is another important step in the process of preparing Corebridge to be a stand-alone public company,” said Peter Zaffino, AIG’s chairman and chief executive officer and chairman of the board of Corebridge.
“They each bring significant experience and industry knowledge that will benefit Corebridge and its stakeholders over the long term.”
Mr. Colberg previously served as CEO and director of Assurant, Inc. from January 2015 until his retirement in January 2022. Prior to this role, he held various positions at Assurant, including Executive Vice President of Marketing and Business Development. Before joining Assurant in March 2011, Mr. Colberg was a consultant for Bain & Company, Inc. for 22 years, leading the firm’s global financial services practice.
Ms. Walsh serves as Chief Legal Officer of Stripe, Inc. since January 2020. Prior to joining Stripe, Ms. Walsh served as Chief Legal Officer of Voya Financial, Inc. from 2015 to 2020. Before joining Voya, she worked as an assistant. General Counsel at Cigna and MassMutual. Before that, Ms. Walsh was an associate at Cleary, Gottlieb, Steen & Hamilton LLP and also worked for the SEC’s Office of General Counsel.
No assurance can be given as to the form that future separation transactions may take or the specific terms or timing thereof, or that a separation will actually occur. Any separation transaction will be subject to the satisfaction of various conditions and approvals, including the receipt of the department of insurance and other necessary regulatory approvals, and the satisfaction of any applicable requirements of the Securities and Exchange Commission (SEC).
This press release is not an offer to sell or a solicitation of an offer to buy any security.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer a wide range of non-life insurance, life insurance, retirement solutions and other financial services to clients in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risk and ensure retirement security. AIG’s common stock is traded on the New York Stock Exchange.
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AIG is the trading name for American International Group, Inc.’s general, life and retirement and general insurance operations. For additional information, please visit our website at www.aig.com. All products and services are written or provided by affiliates or subsidiaries of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to subscription requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Some claims coverage may be provided by a surplus lines insurer. Surplus lines insurers generally do not participate in state guarantee funds, and therefore policyholders are not protected by those funds.