The winner of the AIG Women’s Open on Sunday will earn $1.095 million, the Royal and Ancient Golf Club announced Wednesday. The overall purse for the event at Muirfield in Gullane, Scotland, has increased to $7.3 million, which is an increase of approximately 26 percent from the $5.8 million total of last year. “Progress in…

World number one Nelly Korda will begin her quest for a second major title alongside Japan’s Nasa Hataoka and England’s Charley Hull in the opening two rounds of the AIG Women’s Open at Carnoustie, Scotland, this week. The 23-year-old American, who claimed gold at the Tokyo Olympics earlier this month, is aiming to win her…

American International Group Inc plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said on Wednesday the private equity firm would pay $2.2 billion in cash for 9.9 percent…

American International Group (AIG) agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the second in a probe by the New York State Department of Financial Services (NYDFS) into an industry in which life insurers take…