Now Divesting: AIG, Equitable and Great American

By Thu, Oct 29, 2020

De-risky business: AIG will spin off its Life & Retirement division, Venerable Holdings will reinsure $12bn worth of Equitable's pre-2010 variable annuities with living benefits, and Commonwealth Annuity (part of Global Atlantic) will reinsure $5.7 billion in inforce fixed annuities.

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