Rodney Martin, who was named last year to lead non-U.S. life operations at American International Group Inc., has taken a job with MetLife Inc. to assist with the integration of a division he once oversaw.
Martin, 58, will help with American Life Insurance Co., said John Calagna, a spokesman for New York-based MetLife, in an interview today.
“He is continuing in an advisory role as we transition Alico’s business into MetLife,” Calagna said. “It will last for several months.”
MetLife is eclipsing AIG in non-U.S. life insurance after paying $16.2 billion last week for Alico, which operates in more than 50 nations. AIG divested a majority stake in its biggest Asia life insurer, AIA Group Ltd., in a $20.5 billion public offering in October. New York-based AIG also struck a deal to sell two Japan life insurance units to Prudential Financial Inc. and is seeking a buyer for a Taiwan business.
Rest of the Article at: http://www.bloomberg.com/news/2010-11-08/aig-s-rodney-martin-joins-metlife-to-assist-with-alico-unit-s-integration.html
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The AIG circus continues, much to my delight. It’s a revolving door at AIG at the moment, can’t be good for long term strategy really, can it?
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