Business Wire (Free subscription) | 10/19/2009
OLDWICK, N.J.--(BUSINESS WIRE)--This week’s edition of BestWeek Asia/Pacific examines the deal that brought American International Group’s Taiwan unit Nan Shan Life to newly established Hong Kong investor Primus Financial. A.M. Best Co.’s BestWeek Asia/Pacific is a multimedia online digital newsletter for insurance professionals. The 20 October edition is available at...
News-Insurances (Free subscription) | 10/16/2009
AIG $2.15 billion sale of its Taiwan life insurance unitwill result in a loss of around $1.4 billion net of taxes that the company will report in the fourth quarter, AIG said Thursday. Earlier this week, AIG announced the sale of its 97.6% stake in Nan Shan Life Insurance Co. to a consortium consisting of Primus [...]
Insurance Daily (Free subscription) | 10/15/2009
American International Group, Inc. (AIG) has announced that it is to sell its 97.57% stake in Nan Shan Life Insurance Company, Ltd. The sale will be to a consortium, including Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holdings Limited, the Hong Kong Stock Exchange-listed investment company, for around $2.15bn. AIG CEO [...]
Market Watch (Free subscription) | 10/15/2009
American International Group said Thursday that it will lose about $1.4 billion from the sale of its Taiwan insurer, Nan Shan Life Insurance Co.
CEOWORLD Magazine (Free subscription) | 10/13/2009
American International Group, Inc. (NYSE:AIG) (AIG.N) said on Tuesday it had agreed to sell it’s Taiwan life insurance company, Nan Shan Life, for $2.15 billion to Primus Financial and China Strategic Holdings. AIG had received billions of dollars from the US government last year to tide over the turmoil. The leading insurer has also shed assets [...]
The Earth Times Online Newspaper (Free subscription) | 10/13/2009
NEW YORK - American International Group, Inc. (AIG) today announced an agreement to sell its 97.57% share of Nan Shan Life Insurance Company, Ltd. (Nan Shan) to a consortium comprising Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holding
France24 (Free subscription) | 10/13/2009
American International Group, AIG, is set to sell its Taiwan unit, Nan Shan Life, the island's second-largest life insurer, to Hong Kong-based Primus Financial Holdings for 2.15 billion US dollars.
The Street (Free subscription) | 10/13/2009
AIG agreed to sell its stake of almost 98% in Taiwan unit Nan Shan Life for about $2.15 billion to a group led by Hong Kong's Primus Financial.
Business Wire (Free subscription) | 10/13/2009
NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (AIG) today announced an agreement to sell its 97.57% share of Nan Shan Life Insurance Company, Ltd. (Nan Shan) to a consortium comprising Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holdings Limited, the Hong Kong Stock Exchange-listed investment company, for approximately...
Market Watch (Free subscription) | 10/13/2009
HONG KONG (MarketWatch) -- American International Group Inc. will sell its life insurance unit in Taiwan to a group led by Hong Kong-based investment company Primus Financial Holdings for $2.2 billion, according to media reports Tuesday. Primus, co-founded by former Citigroup banker Robert Morse, will take over Taipei-based Nan Shan Life Insurance Co., Taiwan's third-largest life...
News-Insurances (Free subscription) | 10/12/2009
AIG today announced an agreement to sell its 97.57% share of Nan Shan Life Insurance Company, Ltd. to a consortium comprising Primus Financial Holdings Limited, the Hong Kong-based financial services firm, and China Strategic Holdings Limited, [...]
CEOWORLD Magazine (Free subscription) | 10/06/2009
U.S. private equity fund Primus Financial has won the bid for American International’s (AIG) Taiwan insurance unit Nan Shan Life at $2.2bn with a contract to be signed on Friday, said Reuters citing a local paper. New York-based AIG is in advanced talks with Primus and the two companies may sign an agreement as early as [...]
Law Blog - WSJ.com (Free subscription) | 11/06/2009
Meanwhile, the company indicated that turning a profit in the fourth quarter might be tough, with an expected $5 billion charge connected to its special-purpose vehicles and a $1.4 billion after-tax loss to be reported when its sale of Nan Shan Life Insurance closes.
CEOWORLD Magazine (Free subscription) | 10/27/2009
... Resources Ltd Banking analyst Meredith Whitney cuts Goldman sachs to neutral AIG sells Taiwan life insurance company Nan Shan Life to for $2.2 billion to Primus Financial and China Strategic Holdings Bank of America will not raise card rate or change terms on consumer credit card accounts Saudi Prince Alwaleed bin Talal Urges U.S. To Sell Citigroup Stake The London Stock Exchange...
CEOWORLD Magazine (Free subscription) | 10/27/2009
... part of CIC- China Investment Corp buys bank shares, aims to buoy investor trust AIG sells Taiwan life insurance company Nan Shan Life to for $2.2 billion to Primus Financial and China Strategic Holdings Bank of America will not raise card rate or change terms on consumer credit card accounts Mongolia seals Oyu Tolgoi copper mine agreement with Rio Tinto, Ivanhoe Mines Saudi...
