Prudential of Britain to Buy A.I.G. Unit in Asia for $35 Billion.
The British insurance company Prudential said Monday it had agreed to buy American International Group's big life insurance business in Asia in a deal valued at $35.5 billion. The sale of American International Assurance would allow A.I.G. to make the biggest repayment yet toward the more than $180 billion it received as part of a U.S. government bailout.