AIG-Blackstone Deal A Power Move For Both, Analyst Says

July 20, 2021 by John Hilton

Wednesday’s blockbuster AIG-Blackstone deal is likely to power up both companies in their respective worlds of insurance and private equity, according to a leading industry analyst.

The stakes in this marriage of convenience are fairly obvious, said Charles “Chip” Roame, managing partner of Tiburon Strategic Advisors.

• AIG gains “substantial capital,” Roame said, “likely to buy other insurance companies.”

Click HERE to read the full story via INN

Originally Posted at InsuranceNewsNet on July 15, 2021 by John Hilton.