This, understandably, isn’t enough to appease Icahn, where the move shows some urgency by American International Group, but the move just isn’t transformational. His activist hedge fund owns just over 3% of AIG and is a top five shareholder. Icahn’s thesis is that AIG should split into three publicly traded companies to reduce regulatory expenses and capital requirements. Icahn has some support for this plan, with the likes of Metlife (NYSE: MET) deciding to divest part of its US life insurance business in hopes of evading the SIFI designation. American International Group could split its life insurance and property &...