Two life insurers, AXA SA, Paris, and MetLife Inc., are reportedly vying to purchase American International Group's American Life Insurance Co. (ALICO).
Spokespersons for AXA and MetLife declined comment and a spokesperson for AIG could not be immediately reached to comment on the Bloomberg report.
ALICO, domiciled in Delaware, had $33.5 billion in net premiums written in 2007 on net income of $737 million, according to Highline Data, part of Summit Business Media, which also owns National Underwriter.
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