Robert Benmosche, the former chairman and chief executive of MetLife Inc., has been selected to be the new CEO of American International Group Inc., the Wall Street Journal reported on Monday citing unnamed people familiar with the matter.

According to the report, the selection was approved on Monday morning and Benmosche would succeed outgoing CEO Edward Liddy.

Benmosche had served as chairman and CEO of MetLife Inc. from which he retired in 2006.

An AIG spokesman declined to comment on the report, the Wall Street Journal said.