People familiar with the situation said AIG was in the final stages of the sale of its US personal lines business, which has been valued by analysts at $5bn-$6bn. The US insurer MetLife and its Swiss rival Zurich were interested in the unit, whose offering includes car and home insurance, they added.
Asia-based bankers said AIG was also closing on the disposal of American Life Insurance Co (Alico) – a business with an estimated value of more than $10bn that has large operations in Japan. France's Axa is believed to be one of the front-runners.
Other companies, including MetLife and the Chinese sovereign wealth fund CIC, were also interested in buying parts of the business if AIG fails to clinch a sale of the whole unit or a buyer wants to break it up, they added.