american life insurance

• American International Group, Inc. (NYSE: AIG) today announced it will accelerate steps to position American Life Insurance Company as an independent entity and seek an initial public offering and public listing in New York, depending on market conditions and subject to regulatory approval.
  
  This planned public offering of ALICO is a significant step in the process that was announced by AIG on March 2 and will result in a board of directors and management team for ALICO separate from AIG.

American International Group Inc. is speeding up plans to spin off its American Life Insurance Co. unit as an independent public company, the company said Wednesday.

American International Group Inc. is discussing a deal for all or part of its foreign unit, American Life Insurance Co., with MetLife Inc., according to a published report Wednesday that cited people familiar with the matter.