American International Group (AIG) and CVC have joined forces to support AIG’s investment strategy, focusing on insurance-related solutions and private market opportunities. AIG is committing up to $1.5bn from its private equity holdings to fund the new platform. CVC will manage substantial separately managed accounts (SMAs) and create a private equity secondaries platform, with AIG as the cornerstone investor. AIG plans to allocate up to $2bn to CVC-managed SMAs and funds, with $1bn expected to be invested in 2026. Both companies may explore further cooperation in the future.

In related news, AIG has announced leadership changes, with Eric Andersen named president and CEO-elect, set to succeed Peter Zaffino as CEO after 1 June 2026. Zaffino will become executive chair. The partnership with CVC marks AIG’s first collaboration with a European asset manager, aiming to actively manage its investment portfolio and access unique opportunities. The companies look forward to creating long-term value through their strategic partnership.

Read more at Yahoo Finance.: AIG and CVC form investment partnership