March 26, 2013 / 6:56 PM / in 5 years

EXCLUSIVE-Protective in lead for AXA US insurance assets -sources

NEW YORK, March 26 (Reuters) - U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA’s U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation.

An AXA spokeswoman declined to comment. Birmingham, Alabama-based Protective Life, did not immediately respond to requests for comment. (Reporting By Jessica Toonkel; Editing by Gerald E. McCormick)

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