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.
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