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AIG May Sell Overseas Unit to MetLife

Thursday, 09 Jul 2009 09:09 AM

American International Group Inc. is discussing a deal for all or part of its foreign unit, American Life Insurance Co., with MetLife Inc., according to a published report Wednesday that cited people familiar with the matter.

Alico operates in 50 countries, and a deal could offer its rival a chance to expand overseas quickly, The Wall Street Journal said in a report published on its Web site.

AIG must repay tens of billions of dollars to the U.S. after it rescued the firm in September from potential bankruptcy, the newspaper said.

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American International Group Inc. is discussing a deal for all or part of its foreign unit, American Life Insurance Co., with MetLife Inc., according to a published report Wednesday that cited people familiar with the matter.Alico operates in 50 countries, and a deal could...
aig
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2009-09-09
Thursday, 09 Jul 2009 09:09 AM
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