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Life insurer MetLife recently approached life and property insurer Hartford Financial Services Group about a merger transaction, The Wall Street Journal said, citing people familiar with the discussions.
The talks did not lead anywhere, the people told the paper. MetLife [MET
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] did not immediately return calls seeking comment.
MetLife, the latest big U.S. insurer to struggle with the credit crisis, said on Wednesday it sold 75 million shares at $26.50 per share, raising nearly $2 billion.
The secondary offering of shares was designed to bolster its balance sheet and potentially allow it to make acquisitions.
Earlier this week, Allianz, Europe's biggest insurer, said it would invest $2.5 billion in Hartford.
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