US personal lines and energy insurance businesses for sale

AIG has a queue of buyers lined up to take swathes of the company’s businesses from it, including its US personal lines business, which will go to Swiss firms MetLife or Zurich, according to the FT.

In a story with unnamed sources “close to” or “familiar with” the situation, the FT alleges that AXA is likely to buy AIG’s Asian life business and Munich Re the Hartford Steam Boiler– a US energy market insurer, to help pay back loans from the US government.