I.U
INTERNATIONAL &lt;IU> TO SELL INSURANCE UNITSI.U
International Co said it reached a preliminary agreement to sell the Hawaiian Insurance Cos to Hawaiian Electric Industries Inc
&lt;HE>
    Terms of the transaction were not disclosed, the company said
    The transaction is subject to the execution of definitive agreements, certain governmental approvals and approvals by the boards of directors involved, I.U
International said
    Hawaiian Electric said the planned purchase was part of its strategy to increase the company's investment in selected service industries in Hawaii, including financial services
 Reuter
