New York-based MetLife is closing in on an acquisition of Alico, a subsidiary of New York-based American International Group Inc., according to published reports.

The Wall Street Journal says MetLife, which is the top U.S.-based life insurer by revenues, is in final talks to acquire Alico, which sells life insurance in 50 countries and has a large footprint in Asia. Current AIG CEO Robert Benmosche previously held the same position at MetLife.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access