AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8b

AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8b

The ticker information for insurance company American International Group Inc., (AIG) is displayed on a screen above the post where it is traded on the floor of the New York Stock Exchange November 4, 2015. REUTERS/Brendan McDermid/File Photo

U.S. insurer American International Group said on Thursday it would sell a 20% stake in Corebridge Financial to Japan’s Nippon Life Insurance for $3.8 billion.