Oct 21 (Reuters) - New York-based insurer MetLife Inc ( MET )

is in advanced talks to buy PineBridge Investments'

assets outside of China in a deal that could be valued at $1

billion to $1.5 billion, Bloomberg News reported on Monday.

The talks are exclusive for assets under management worth

about $100 billion, the report said, citing sources.

PineBridge is majority-owned by a subsidiary of billionaire

Richard Li's Pacific Century Group (PCG), an Asia-based private

investment group, according to PineBridge's website.

MetLife ( MET ) did not immediately respond to a Reuters request for

comment. PineBridge declined to comment.