AIG sells off Taiwan unit
China Daily | Updated: 2009-10-14 08:08
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Richard Bender, executive vice-president and chief operating officer for China and India region of AIG (left), Edmund Tse, chairman of Nan Shan Life Insurance (second left), Robert Morse, managing director, Primus Financial Holdings Ltd (third left), and Frank Chen, president of Nan Shan Life Insurance Co, pose during a news conference in Taipei. Bloomberg News |
TAIPEI/HONG KONG: American International Group struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a division since a government bailout last year saved it from collapse.
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