Costantini will also join the company’s Board of Directors on that date. He will succeed Kevin Hogan, who will step down after more than a decade as CEO and transition to the role of Special Advisor to the Board for six months.

Costantini joins Corebridge from Manulife, where he served as Global Head of Strategy and Inforce Management. In that role, he oversaw corporate strategy, corporate development, life reinsurance, and profitability initiatives across the company’s inforce business. His previous leadership positions include President and CEO for Corporate Development, Strategy, and Digital Solutions at Munich Re’s North America Life & Health division, as well as Executive Vice President of Commercial and Government Markets at Guardian, where he had earlier served as Chief Financial Officer. Costantini is a Fellow of the Society of Actuaries and brings more than 35 years of industry experience.

Alan Colberg, Chair of the Board at Corebridge, said the appointment followed a rigorous succession process. “Marc brings a broad and deep skill set that spans strategy, product innovation, digital solutions, corporate development, operations, finance, distribution, and risk management,” Colberg said. “He has a strong customer focus and a proven record of driving strategic transformation, profitable growth, and shareholder value creation. He is the ideal leader to guide Corebridge into its next chapter.”

Colberg also praised outgoing CEO Kevin Hogan. “For more than a decade, Kevin has built Corebridge into one of the largest providers of retirement solutions and life insurance products in the United States,” he said. “He successfully led the separation from AIG, achieving all stated financial targets and creating long-term shareholder value. Under his leadership, Corebridge also completed a transformational variable annuity reinsurance transaction.”

Costantini said he was honored to take on the role. “Corebridge is an industry leader with a deep bench of talent and a strong track record of value creation. I commend Kevin and the team for their achievements and look forward to building on that momentum,” he said.

Hogan expressed confidence in the transition. “I am proud of what the Corebridge team has accomplished, both as part of AIG and as an independent company. The company will be in excellent hands under Marc’s leadership,” he said.