MetLife closing in on AIG life business
Reports out of the US have named MetLife as the front-running bidder for American International Group’s (AIG's) life insurance business, Alico.
According to the widely-based reports, the transaction would see MetLife pay about $14 billion to $15 billion for the AIG business.
It is expected that AIG would use the proceeds of the transaction to pay back bailout money to the US Government.
The Australian arm of AIG is unaffected by the forecast US transaction.
AUTHOR
Mike Taylor
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
