Prudential linked with AIG deal and UK sale

INSURER Prudential is planning a £15bn deal to buy the Asian arm of bailed-out US giant AIG – and could sell its UK life division, reports say.

Prudential declined to comment, but is likely to confirm discussions early today.

The Pru has also been approached over a potential sale of its UK life business by Clive Cowdery’s Resolution investment vehicle, which bought Friends Provident last year, according to reports.

Resolution declined to comment on the potential acquisition.

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