AIG Ramps Up Life & Retirement Split While Annuity Sales Climb

May 10, 2022 by John Hilton

American International Group benefited from a surge in fixed annuity business in the first quarter, even while it continues a plan to split off its Life & Retirement business.

The company’s plan for Life & Retirement is into its second year and remains on track, CEO Peter Zaffino said during this morning’s first quarter earning’s call, despite rising interest rates. The business segment was recently rebranded as Corebridge Financial and will go public during the second quarter.

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Originally Posted at InsuranceNewsNet on May 4, 2022 by John Hilton.