---
title: BlackRock to Manage $150bn of AIG Assets
description: BlackRock’s Aladdin will also provide investment management technology for both AIG and Life & Retirement.
image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/fund-managers-increase-spend-data-analytics-May-12-2022-09-07-06-44-AM.jpg
---

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 03.29.2022

 By Shanny Basar

 Equities

# BlackRock to Manage $150bn of AIG Assets

 03.29.2022 By Shanny Basar

![BlackRock to Manage $150bn of AIG Assets](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/fund-managers-increase-spend-data-analytics-May-12-2022-09-07-06-44-AM.jpg)

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- BlackRock will manage certain liquid fixed income and private placement assets representing up to $60bn of assets on behalf of AIG and up to $90bn of assets on behalf of AIG’s Life & Retirement business
- Strategic partnerships provide both AIG and AIG’s Life & Retirement business with access to BlackRock’s world-class asset management capabilities and investment management technology, Aladdin

American International Group, Inc. and BlackRock, Inc.  announced significant partnerships where certain liquid fixed income and private placement assets will be managed by BlackRock. The arrangements contemplate BlackRock managing up to $60 billion of the global AIG investment portfolio and up to $90 billion of the Life & Retirement investment portfolio. Additionally, BlackRock’s Aladdin platform will provide investment management technology for both AIG and Life & Retirement.

https://twitter.com/NewsFromBW/status/1508435188145012737

“Partnering with an asset manager like BlackRock represents a continuation of our strategy to work with world class organizations as we deliver on excellence at AIG,” said Peter Zaffino, Chairman & Chief Executive Officer, AIG. “BlackRock has an outstanding performance track record and world class risk analytics through its Aladdin platform. BlackRock’s global scale makes this a significant long-term value creation opportunity for our stakeholders. This is another important milestone as our momentum continues toward the separation of our Life & Retirement business and future state of AIG.”

Mr. Zaffino added: “For Life & Retirement, the partnership with BlackRock creates both strategic and operating flexibility as we reposition asset management and prepare the business to be a standalone company.”

The arrangements with BlackRock will be implemented in phases across AIG’s global operations, subject to customary onboarding and implementation requirements and any required regulatory approvals.

“BlackRock is honored to have been selected to serve AIG as a strategic partner. We look forward to leveraging our investment expertise, scale, and technology capabilities for the benefit of all of AIG’s stakeholders,” said Rob Kapito, President, BlackRock. “I have enormous respect and admiration for AIG, and I am confident in the long-term value BlackRock will deliver as we embark on this journey together.”

Source: AIG

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