AIG - Corebridge to dispose Ireland's second largest health insurer for over $700M

2023-08-03 11:43:57 ET

• Corebridge Financial ( NYSE: CRBG ) said it entered into a definitive agreement to sell its subsidiary, Laya Healthcare, for a total consideration of €650 million ($710 million) in cash.
• “This divestiture allows Corebridge to streamline its portfolio and focus on core Life & Retirement products and solutions in the United States," said Peter Zaffino, Chairman of Corebridge.
• The sale of Laya Healthcare is expected to close in the fourth quarter of 2023.
• Corebridge to sell Laya Healthcare, which is the second largest health insurance provider in Ireland, to AXA a French multinational insurance company.
• Source: Press Release

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