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Nan Shan sale will be AIG’s biggest

The Re Report

Nan Shan sale will be AIG’s biggest

Troubled US insurer AIG has reached an agreement to sell its 97.5% stake in Taiwanese life assurance unit Nan Shan Life Insurance for $2.15bn, marking the group’s largest sale of an asset to date as it seeks to pay off more than $83bn in rescue loans from the US government.

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