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Ameriprise Streamlines

By Staff Writer

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A large insurer has simplified its corporate structure.

Ameriprise Financial Inc., Minneapolis, has merged its American Partners Life Insurance Company and American Enterprise Life Insurance Company units into IDS Life Insurance Company and renamed the combined company RiverSource Life Insurance Company.

Ameriprise also has merged American Centurion Life Assurance Company into IDS Life Insurance Company of New York and renamed that unit RiverSource Life Insurance Company of New York.