Protective Life Insurance (PL) is reportedly in the lead to buy some of the U.S. life insurance...

|About: Protective Life Corporation (PL)|By:, SA News Editor

Protective Life Insurance (PL) is reportedly in the lead to buy some of the U.S. life insurance assets of France's Axa (AXAHF.PK) in a transaction that could be worth $1B, or more than a third of Protective's market cap of $2.8B. A deal would help the firm expand beyond its main focus of variable annuity business, which is becoming harder to manage.