$14bn deal would be AIG's biggest asset sale yet
AIG is rumoured to be in talks to sell its American Life Insurance Co (Alico) unit to MetLife, the largest publicly traded U.S. life insurer.
The deal that could be valued between $14 billion and $15 billion, according to reports.
If it went ahead, the deal would be the largest asset sale so far for AIG, since its bailout in September 2008.
"You are talking about one of the largest -- if not the largest -- international platforms for life insurance, health insurance and savings products in the world," Raymond James analyst Steven Schwartz said. "So if the price was right, I think Met would love to own Alico."
Alico, which was founded in 1921, sells life insurance and retirement products to 19 million customers in 54 countries.
In a statement reported by Reuters, MetLife spokesman Chris Breslin said MetLife does not need to enter into a deal to meet its business objectives, and any deal it pursues would be strategically important and financially attractive.