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AIG in talks with Metlife for Alico, say reports

AIG is reported in talks with Metlife to sell its Alico arm to raise as much as $15bn (£9.3bn).

According to reports, AIG has restarted talks with Metlife after an initial deal broke down in March. It says Metlife was originally prepared to offer $11bn (£6.8bn) for the life insurance arm, while AIG was demanding $20bn (£12.4bn).

The reports say the deal is a part of AIG’s strategy to repay $83bn (£51.7bn) back to the Federal Government, which has an 80 per cent stake in the group.

Two weeks ago AIG revealed it was floating Alico and AIA on the Asian stock exchange to raise $15bn.


Annuity Direct warns on Omo misselling

Annuity Direct has warned that some open market option services are not offering a full whole-of-market annuity service to clients which could lead to misselling .


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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