American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday.
The talks for AIG Edison Life Insurance Co and AIG Star Life Insurance, which were put on the block last year, have been going on and off for a long time, but heated up in the last few weeks, said the source, who asked not to be named because the talks are private.
Prudential has bid through Japanese subsidiary Gibraltar Life Insurance Co, the source said.
AIG declined to comment. Prudential was not available to comment.
(Reporting by Paritosh Bansal and Lilla Zuill)
Topics Mergers & Acquisitions AIG
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
