Chief Executive Officer Robert Benmosche, 66, also is divesting AIA Group Ltd. and American life insurance co., known as Alico, the non-U. S. life insurance divisions.
Another example of a failed effort to apply a largely American vision of technology to a non-U. S. cultural environment involves the Internet search giant Google.
Advantages. By operating as a branch office of a non-U. S. corporation, many of the organizational burdens associated with the other forms are avoided.