Nippon Life, a life insurance company, agreed to acquire a 20% stake in Corebridge, an American multinational financial services company, from AIG, an American multinational finance and insurance corporation, for $3.8bn. “Nippon Life is well known in the financial services industry for its leadership in the Japanese insurance market and is globally recognized for its strong performance and corporate reputation. We are pleased to have Nippon Life become a strategic partner to Corebridge and believe that they will add meaningful value as an investor," Peter Zaffino, AIG Chairman and Chief Executive Officer.