AIG

American International Group's (AIG) Executive Vice President and Chief Operating Officer for the Greater China and India Region Richard L. Bender, Nan Shan Life Insurance Chairman Edmund Tse, Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse and Nan Shan Life Insurance President and Chief Executive Frank Chen (L-R) shake hands during a news conference in Taipei October 13, 2009. AIG struck a deal to sell its Taiwan life insurance for $2.15 billion, marking its largest disposal of a division since a government bailout last year saved it from collapse. Primus Financial, a new firm founded by Citigroup's former Asia investment banking head, together with a Hong Kong partner, agreed to buy Nan Shan Life, ending a five-month auction that saw big interest from many corporates and private equity bidders.