AIG’s Zaffino: L&R separation because investors don’t like composites

Peter Zaffino – AIG

AIG CEO Peter Zaffino said the decision to separate the group’s life and retirement (L&R) business that will start with a 19.9 percent IPO was driven by a lack of investor appetite for the composite model, as well as diminished capital and distribution synergies with its core general insurance operations.

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