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.”