⁍ AIG’s life and retirement business could take ‘a couple of years’ to separate from the company, sources say.
– American International Group is considering spinning off its life insurance business, which could take a couple of years to complete, sources tell Reuters. The Wall Street Journal reported last week that the company was considering spinning off the business, which has a book value of $17 billion, as part of a plan to repay the government’s bailout money.
Source: https://www.reuters.com/article/us-aig-separation/aigs-life-and-retirement-separation-may-take-a-couple-of-years-sources-idUSKBN27B2PK