AIG

Zurich Insurance Group AG is looking to buy companies to further boost its growing retail health, travel and wellbeing business.

Liberty Mutual partners with Jaguar Land Rover; AIG expands Atlanta presence, plus more insurtech news.

The E&S-focused company, started by three former AIG executives, faces allegations of misappropriating trade secrets and confidential information.

Both transactions are at an early stage and may not lead to a sale, said the people, who asked for anonymity to discuss the private information.

Insurer aims to improve functions and communications for policyholders and brokers

Evan and his older brother Jeffrey are scions of the AIG insurance fortune: Their father, Maurice "Hank" Greenberg, built American International Group into a global colossus.

The IPO by Corebridge Financial Inc. is the biggest in the U.S. this year.

The insurer will offer 80 million shares in Corebridge Financial Inc. at $21 to $24 apiece in a proposed initial public offering, according to a statement Tuesday.

Second-quarter adjusted profit was $1.19 a share from $1.52 year earlier, the New York-based insurer said Tuesday.

The company also announced new directors on Corebridge’s board.