Everest Reveals Change in Chief Financial Officer Position
New Appointment: Elias Habayeb has been appointed as Executive Vice President and Group Chief Financial Officer of Everest Group, effective May 1, 2026, succeeding Mark Kociancic, who will retire after five years.
Experience and Background: Mr. Habayeb brings over 30 years of experience in finance, having previously served as CFO of Corebridge Financial and held various CFO roles at American International Group (AIG).
Leadership Transition: Jim Williamson, President and CEO of Everest, expressed confidence in Habayeb's leadership abilities and thanked Kociancic for his contributions during a transformative period for the company.
Company Overview: Everest Group, Ltd. is a global leader in underwriting, providing reinsurance and specialty insurance solutions, and is a component of the S&P 500 index.
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- Merger Details: Corebridge Financial, Inc. (NYSE: CRBG) is merging with Equitable Holdings, Inc., with Corebridge shareholders expected to own approximately 51% of the combined entity, highlighting the need for shareholders to assess the implications of the merger terms on their interests.
- Legal Advocacy: Halper Sadeh LLC represents investors globally, seeking increased consideration and additional disclosures for affected shareholders, emphasizing the firm's commitment to protecting shareholder interests and pursuing corporate accountability.

Stock Sale Announcement: American International Group, Inc. plans to sell 25.46 million shares of Corebridge Financial, Inc. on May 5, with an estimated market value of approximately $724.51 million.
Shareholding Reduction: The company has reduced its shareholding in Corebridge Financial by 24.65 million shares since February 12, 2026, with a total value of around $750 million.
- Share Sale Announcement: American International Group (AIG) has announced the sale of approximately 25 million shares of Corebridge Financial (CRBG), marking its complete exit from the company, with the transaction expected to close on May 7 and generate net proceeds of about $710 million for AIG.
- Financial Impact: This share sale will significantly enhance AIG's liquidity, which is expected to be utilized for further investments or debt repayment, thereby improving the company's financial flexibility and capital structure.
- Profitability Boost: AIG's Q1 earnings report indicates a substantial increase in underwriting income, driving profitability, with projected net premium growth in the low to mid-teens by 2026, reflecting the company's strong performance in the insurance market.
- Dividend Increase: AIG announced an 11% increase in its dividend to $0.50 per share, demonstrating confidence in future profitability while providing higher returns to shareholders, further enhancing investor trust.
- Share Sale: American International Group (AIG) announced the sale of approximately 25 million shares of Corebridge Financial common stock, expected to close on May 7, resulting in net proceeds of about $710 million, marking a significant milestone in AIG's exit strategy from the life and retirement business.
- Strategic Transformation: AIG Chairman and CEO Peter Zaffino stated that this sale represents the culmination of a five-year separation process, reflecting the disciplined planning and execution that has transformed AIG into a leading global property and casualty insurance company.
- Independent Operational Capability: Since Corebridge's IPO in 2022, AIG has worked to ensure that Corebridge is well-positioned for long-term success as a stand-alone entity, enhancing market confidence in its operational capabilities.
- Team Contributions: Zaffino expressed gratitude to the teams at AIG and Corebridge for their outstanding work in executing the separation and positioning both companies for continued momentum, highlighting the importance of teamwork in achieving strategic objectives.
- Quarterly Dividend Declaration: Corebridge Financial has declared a quarterly dividend of $0.25 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability, which is likely to attract more income-focused investors.
- Dividend Yield: The forward yield of 3.69% provides relative attractiveness in the current market environment, potentially increasing investor interest in the company's stock and supporting price stability.
- Shareholder Record Dates: The dividend will be payable on June 30, with a record date of June 16 and an ex-dividend date also on June 16, providing investors with a clear timeline to ensure eligibility for the dividend.
- M&A Activity: Corebridge Financial has struck an all-stock merger deal with Equitable Holdings, valuing the combined firm at $22 billion, reflecting the company's proactive strategic positioning in industry consolidation, which may enhance its competitive edge in the market.
- Performance Results: Corebridge Financial reported a Q1 non-GAAP EPS of $1.05, missing expectations by $0.01, indicating pressure on profitability that could affect investor confidence.
- Revenue Decline: The company posted revenues of $4.08 billion, a 7.3% year-over-year decrease, reflecting challenges in the market environment and weakened customer demand, which may negatively impact future growth prospects.
- M&A Activity: Corebridge has struck an all-stock merger deal with Equitable, valuing the combined firm at $22 billion, aiming to enhance market competitiveness and achieve synergies through scale.
- Executive Change: Corebridge appointed Christopher Filiaggi as interim CFO, and this management change may influence the company's strategic direction and financial decisions, prompting investors to monitor its impact on future financial health.









