Debevoise & Plimpton LLP has advised Corebridge Financial, Inc. (NYSE: CRBG) and American International Group, Inc. (NYSE: AIG) in the initial public offering of its majority-owned subsidiary, Corebridge Financial, Inc. AIG, as selling stockholder, sold existing shares of common stock corresponding to $1.7 billion of gross proceeds. For more information, please see the company’s press release.

AIG is a leading global insurance organization. With more than $350 billion in assets under management and administration as of June 30, 2022, Corebridge is one of the largest providers of retirement solutions and insurance products in the United States.

The Debevoise team was led by capital markets partners Paul Rodel and Eric Juergens and included associates Paul Lowry, Amy Pereira, Beatrice Techawatanasuk and Charlotte Walkovik, international associate John Jacob and law clerks Chika Ojukwu, Anthony Otis and Jordana Palgon, insurance partner Marilyn Lion and associates Katelyn Bryant, Katrina Kaczynski, Douglas Kim and Paulina Stanfel, tax partner Daniel Priest and associate Kimberly Lee, executive compensation and employee benefits partner Michael Snypes Jr. and associate Spencer Mizerak, intellectual property associate Paisley Piasecki, M&A counsel Keith Slattery, finance counsel Emilie Hsu and litigation associate Michael Gramer.