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AIG Disposes Taiwan Nan Shan Life Insurance Company

Due to the adverse effects from the economic turmoil, the American International Group has decided to sell its Taiwan insurance unit for $2.15 Billion. The decisions made by AIG executives are wise enough. The company had borrowed a large sum of money from the US government during the economic meltdown and the insurer also lost many assets in the event.

With AIG selling 97.57% stakes to Nan Shan Life Insurance Company for a deal of $ 2.15 billion, this would definitely help the company raise more money in the corporation. They have also entered into an alliance with the Hong Kong financial limited company and China Holdings limited and sell the Nan Shan Life for $2.15 Billion to Primus financial and China strategic holdings. The buyer for this stake promises a bright future for the company that they will be taking over. Key decision makers also promise to respect the policy holders, agents, customers, employees and the people of Taiwan. Taiwan stocks have risen by 1.31 %, which is the highest rise in the last sixteen months. China Strategic Holdings ltd. is an investment firm and their stocks are currently being traded in the Hong Kong stock exchange. The American insurers have reached an agreement with China Strategic Holdings and Primus Financial Holdings for one of the largest disposals of the insurance unit.