IPO is ‘optimal path' for AIG life and retirement unit: CEO Zaffino
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IPO is ‘optimal path' for AIG life and retirement unit: CEO Zaffino

John Hewitt Jones
May 07, 2021
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DONT USE OLD DONT USE

AIG will use an IPO to sell a 19.9% stake in its life and retirement unit, the carrier’s CEO Peter Zaffino said on Friday.

Speaking on the insurer’s first-quarter earnings call, the executive reiterated the company had evaluated enquiries about the partial sale but concluded a public listing would unlock greater long-term value.

“[W]e

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