AIG (AIG) to Pursue Separation of Life & Retirement Business
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AIG to Pursue Separation of Life & Retirement Business
October 26, 2020 4:17 PM EDTNEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced its intention to separate its Life & Retirement business from AIG.
The companys executive management team, with assistance from independent financial and legal advisors and oversight from the AIG Board of Directors, conducted a comprehensive review of the companys current composite structure, including strategic, operational, capital and tax implications. As a result of this review, executive management recommended, and the Board has decided to pursue, a separation of the Life & Retirement business from AIG.
AIGs executive management and Board... More
