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AIG Life Units Upgraded by A.M. Best as Retirement Sales Rebound

American International Group Inc.’s U.S. life insurance operation had its credit rating upgraded by A.M. Best after posting higher sales of retirement products including annuities.

The score was lifted to a+ from a, on the “significant increase in sales and total revenue,” the ratings firm said today in a statement on the New York-based insurer.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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