American International Group
is in discussions again with
about a deal for all or part of AIG's foreign life-insurance unit American Life Insurance, reports say.
The two companies held talks about a deal several months ago, but a deal wasn't reached, the
Wall Street Journal
reports, citing people familiar with the matter.
The talks over Alico, which operates in more than 50 countries outside the U.S., are preliminary and might not end in an agreement as happened earlier this year when the two sides squabbled over price, the
reports. Alico's largest operations are in Japan.
Before the talks broke off in March, MetLife was believed to have tabled an offer of about $11 billion for Alico, with AIG expecting roughly $20 billion, the
AIG is in the process of spinning off the unit into a separate entity, but is open to offers for Alico partly because it was coming under increasing pressure from the U.S. government to speed up the disposal of assets, the newspaper reports.
AIG must repay the U.S. the $80 billion it received in September after being rescued from potential bankruptcy.
says a sale of Alico could help AIG raise more than $15 billion.
Firms that were once interested in Alico, such as
of the U.K., France's
China Investment Corp.
, are no longer interested, the