AIG plans to retain more than half of life & retirement business post-spinoff
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AIG plans to retain more than half of life & retirement business post-spinoff

Peter Zaffino AIG logos voting v2.jpg

AIG plans to retain more than 50% interest in its life and retirement (L&R) business immediately after it spins off the unit, CEO Peter Zaffino said Friday.

The company started working on an initial public offering for the unit earlier this year, promising investors the separation would lead to “minimal business disruption”.

Zaffino

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