Transaction closes between aig and stone point to form high net worth mga private client select (pcs)

New york--(business wire)--american international group, inc. (nyse: aig) today announced that its definitive agreement with funds managed by stone point capital llc (stone point) to form an independent managing general agency (mga) specializing in the high net worth and ultra high net worth markets called private client select insurance services (pcs) has successfully closed. aig and stone point's plans to form pcs and move aig's private client group (pcg) business to this new independent plat.
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