AIG set to restructure
The insurer will separate its life and retirement business from its GI division and will refresh leadership as CEO Duperreault steps back to executive chairman role.
AIG has decided to divide its life and general insurance businesses following a comprehensive review of the businesses current structure.
In a statement the US insurer explained that AIG’s executive management and Board believe a simplified corporate structure will unlock significant value for shareholders and other stakeholders.
It further detailed: “Although no decisions have been made as to how to achieve a full separation, the Board’s intent is to accomplish it in a way that maximizes
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