(Adds details on company's plans)

BOSTON, April 4 (Reuters) - Reinsurance company Scottish Re Group Ltd (SKRRF.PK: Quote, Profile, Research) said on Friday it hired U.S. investment banks Keefe, Bruyette & Woods and Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) to possibly sell off its international and North American life reinsurance business.

The Bermuda-based company previously said it plans to sell its international reinsurance operations plus its wealth management business to focus on the North American market.

On Friday, it said it tapped Keefe, Bruyette to work on possibly selling the international components, while Merrill Lynch would focus on the North American business.

Dogged by subprime woes, the company said last month it had to delay the release of its financial results for the quarter ended on Dec. 31. It needed more time to calculate its impairment charges. (Reporting by Svea Herbst-Bayliss; Editing by Andre Grenon)