The company will no longer have Commercial and Consumer segments, and will transition to General Insurance, Life & Retirement and a stand-alone, technology-enabled platform. (Photo: AIG)

American International Group Inc. (AIG) announced Monday that it is making some major changes to its organizational structure.

The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter Zaffino, as CEO; Life & Retirement, led by Kevin Hogan, CEO; and a stand-alone, technology-enabled platform, led by Seraina Macia, CEO. 

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