AIG Execs: ‘Significant Value’ In Splitting Off Life/Retirement
November 11, 2020 by John Hilton
American International Group has ruled out breaking up its Life & Retirement business and selling them “in pieces,” incoming top executive Peter Zaffino said today.
The plan is to sell 19.9% of the life/retirement business, either through an initial public offering or a private sale. AIG “will not consider” selling more than that, said Zaffino, who will become CEO on March 1 and remain president of AIG.