Prudential May Purchase 2 AIG Units

US giant Prudential Financial Inc. is expected to acquire AIG Edison Life Insurance Co. and AIG Star Life Insurance Co. from American International Group Co., according to Nikkei. AIG already sold its insurance unit Alico Japan to Met Life this year. These moves by AIG have been in line with its first priority to repay taxpayers who are owed more than $90 billion from a government bailout. Prudential plans to build up a more solid foundation in Japan by acquiring those 2 units.