Oldwick, N.J. — As American International Group Inc. seeks to resolve its liquidity crisis, some potential buyers are no doubt eyeing the insurance giant's diverse group of life insurance businesses.
E. Stewart Johnson, a portfolio manager with Philo Smith & Co., an insurance mergers and acquisitions investment and advisory firm, says when it comes to AIG's life business, potential buyers would be Canada-based Manulife Financial, and U.S.-based MetLife Inc., Prudential Financial and possibly Hartford Financial. That's because "the exposure that AIG has to the Asian markets is fantastic." All of these companies have operations in Asia, he adds.
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