(wire)
AIG considers selling life insurance unit
American International Group (AIG) is discussing the idea of selling one of its largest life insurance units to MetLife Inc.
If the move is made, it would be the company's largest divestiture since it received a federal bailout in 2008, and would allow AIG to repay billions of dollars owed to the government.
The move comes after another recent report that MetLife planned to pay between $14 billion and $15 billion for American Life Insurance Co., an international life insurance unit of AIG, a deal could close within the next few weeks.
If the move is made, it would be the company's largest divestiture since it received a federal bailout in 2008, and would allow AIG to repay billions of dollars owed to the government.
The move comes after another recent report that MetLife planned to pay between $14 billion and $15 billion for American Life Insurance Co., an international life insurance unit of AIG, a deal could close within the next few weeks.
