American International Group Inc., the insurer selling assets to repay a U.S. rescue, may seek buyers for its Japanese life units as Chief Executive Officer Robert Benmosche reshapes the firm.
The Congressional Oversight Panel and analysts including Suneet Kamath of Sanford C. Bernstein & Co. have said AIG's Star Life Insurance Co. and AIG Edison Life Insurance Co. may attract interest.
The two sales could yield $5 billion, Kamath said last month. Benmosche, hired out of retirement last year, agreed to sell one overseas unit, American Life Insurance Co., known as Alico, and plans to divest another, AIA Group Ltd.