HK consortium buys AIG Taiwan insurer

    | BY

    clpstaff &clp articles

    Beleaguered insurer American International Group has agreed to sell Nan Shan Life Insurance, a Taiwanese unit, to a Hong Kong consortium for US$2.15 billion.The…

    Beleaguered insurer American International Group has agreed to sell Nan Shan Life Insurance, a Taiwanese unit, to a Hong Kong consortium for US$2.15 billion.

    The buyers, Primus Financial and China Strategic Holdings, will acquire a 97.57% stake in Nan Shan, which is Taiwan's third-biggest insurer by market share.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]