Prudential may buy AIG's Japanese units

It looks like another "fire sale" could be heating up for troubled insurer American International Group Inc. (NYSE:AIG).

Newark, N.J.-based rival Prudential Financial Inc. (NYSE:PRU) is apparently in the lead to buy AIG Edison Life Insurance Co. and AIG Star Life Insurance, two Japanese life insurers, for between $1.1 billion and $2.1 billion, according to Reuters.

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Canada's Manulife Financial Corp. (TSE:MFC) is also bidding, according to the report. Other reports suggested Allianz Group, Aegon NV, Nippon Life Insurance Co., Tokio Marine Holdings Inc., Gibraltar Life Insurance Co. Ltd. and T&D Holdings Inc. as rumored to be bidding for the assets.

For a full list of AIG's asset sales and rumored bidders, check out these earlier stories. - Maria Woehr

AIG's 'fire sale' is heating up
Bank of China to throw water on AIG asset sale?
Zurich may drive off with AIG unit

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