American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired Chief Executive Officer, Assurant, Inc., and Trish Walsh, Chief Legal Officer, Stripe, Inc., will join the Board of Directors of Corebridge Financial, Inc. (Corebridge) effective September 1, 2022.
“The official appointment of Alan and Trish as independent directors is another important step in the process of preparing Corebridge to be a standalone public company,” said Peter Zaffino, Chairman & CEO, AIG, and Chairman of the Board, Corebridge.
“Each of them bring significant experience and industry expertise that will benefit Corebridge and its stakeholders over the long-term.”
Mr. Colberg previously served as the Chief Executive Officer and a 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 has served as Chief Legal Officer of Stripe, Inc. since January 2020. Prior to joining Stripe, Ms. Walsh served as Chief Legal Officer for Voya Financial, Inc. from 2015 to 2020. Before joining Voya, she served as Deputy General Counsel at Cigna and at MassMutual. Prior to that, Ms. Walsh was an associate at Cleary, Gottlieb, Steen & Hamilton LLP and also worked for the Office of the General Counsel at the SEC.
No assurance can be given regarding the form that future separation transactions may take or the specific terms or timing thereof, or that a separation will in fact occur. Any separation transaction will be subject to the satisfaction of various conditions and approvals, including receipt of insurance department and other required regulatory approvals, and satisfaction of any applicable requirements of the Securities and Exchange Commission (SEC).
This news release is not an offer to sell, or a solicitation of an offer to buy, any securities.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risk and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.
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AIG is the marketing name for the worldwide property-casualty, life and retirement and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.