NEW YORK (Reuters) – 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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