Corebridge Updates Board of Directors
Corebridge Financial, Inc. announced updates to its board of directors.
Peter Zaffino, chairman and chief executive officer of American International Group, Inc. (AIG), will step down as chairman of the board of Corebridge Financial after serving in this role since November 2021.
Alan Colberg has been elected to succeed Zaffino as chair of the board of directors. Colberg has served on the Corebridge Financial board of directors since September 2022 and was appointed lead independent director earlier this year. Colberg previously served as the chief executive officer and director of Assurant, Inc. from January 2015 until his retirement in January 2022.
In addition, Jon Gray, president and chief operating officer of Blackstone Inc., will step down as a member of Corebridge Financial’s board. Gilles Dellaert, global head of Blackstone Credit and Insurance (BXCI) has been appointed to the board. Prior to his current role, Dellaert served as the global head of Blackstone Insurance Solutions.
Following Nippon Life Insurance Company’s acquisition of a 21.6% equity interest in Corebridge Financial from AIG, which closed on December 9, 2024, Minoru Kimura has been elected to Corebridge Financial’s board. Kimura currently serves as managing executive officer and head of Global Business at Nippon Life Insurance Company. In this role he oversees the management of all Nippon Life businesses outside of Japan.
“We welcome our newest Board members Minoru Kimura and Gilles Dellaert,” said Colberg. “Since its IPO, Corebridge has executed against its strategy, delivered strong financial performance and generated substantial value for shareholders. The company has built a strong foundation and remains well positioned to continue delivering for its customers, distribution partners and employees.”
AIG executives Sabra Purtill and Mia Tarpey are also stepping down from the Corebridge Financial Board. With these changes, the Corebridge Financial Board of Directors will consist of 11 members.
