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AIG plans to separate life and retirement business unit, names new CEO

Oct 26 (Reuters) - Insurer American International Group Inc said on Monday it plans to separate its life and retirement business unit from the parent company.

The company's board also named insider Peter Zaffino as chief executive officer, effective March 1, 2021, succeeding Brian Duperreault. (Reporting by Munsif Vengattil; Editing by Maju Samuel)