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American International Group to Divest Life-Insurance Business

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October 26, 2020
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American International Group to Divest Life-Insurance Business
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Insurance coverage conglomerate American Worldwide Group Inc. is taking steps to separate off its life-insurance enterprise right into a separate firm, leaving it to give attention to property-casualty insurance coverage, a separation it can make beneath the route of a brand new chief government.

In information releases late Monday afternoon, the New York firm mentioned present Chief Govt Brian Duperreault will hand over his title on March 1 to Peter Zaffino, the corporate’s president.

The…



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