AIG close to deal for Canadian life unit-source

AIG close to deal for Canadian life unit-source | Markets | Markets News | Reuters: "NEW YORK, Jan 9 (Reuters) - American International Group Inc (AIG.N) is close to a deal to sell its Canadian life insurance business, a source close to the transaction said on Friday.

The two sides are still in negotiations and a deal has not been finalized, but an announcement could come next week, the source said.

Neither the identity of the potential buyer nor the size of the transaction was known.

The unit is a 'medium-sized player' in Canada, said Byren Innes, a senior vice president at NewLink Group Inc, a financial services consulting company."