Oct 3 (Reuters) - American International Group ( AIG )

said on Friday that Don Bailey, its executive vice president and

CEO for North America Commercial Insurance, will retire at

year-end for health reasons, and announced leadership changes at

its U.S. commercial unit.

Bailey, a four-decade insurance veteran, joined AIG in 2023

as Global Head Of Distribution, Field Operations.

AIG will adopt a new leadership structure effective January

1, elevating three executives in its North America commercial

arm.

Allison Cooper and Barbara Luck will become co-Presidents,

Retail, while Lou Levinson will be named President, Wholesale.

The new executives will report to John Neal, who will

assume the role of President of AIG.

In August, American International Group ( AIG ) reported higher

second-quarter profit, powered by strong underwriting gains and

higher investments returns.