Magazine date:
Dec 2009 AIG has ceded 95.57% of its shares in the insurer Nan Shan Life Insurance based in Taiwan. This cession to the company of financial services, Primus Financial Holdings (Hong Kong) and to China Strategic Holdings Limited amounts to 2.15 billion USD. Nan Shan Insurance, whose name will be preserved, is the third actor on the Taiwanese market in terms of premiums. The company owns 24 branches, 4 000 employees and a network of 34 000 insurance agents.
AIG is currently negotiating the cession of its subsidiary ILFC, leasing company, which holds a fleet of more than 1 000 aircrafts. Discussions pertain to the possible sale of 10% of the fleet. The book value of ILFC nears 40 billion USD.