Strengthened foundations at AIG GI allow life and retirement separation: Zaffino
AIG is contemplating an IPO or private sale of up to 19.9 percent of its life and retirement (L&R) business as a first step to separation, with incoming CEO Peter Zaffino stating that progress made over the last three years in general insurance (GI) had positioned it to be able to make the move to break up the group.
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