AIG sells Taiwan unit for $2.15 billion
American International Group, the US insurance giant that received a massive government bailout to avert a collapse last year, announced on Tuesday that it had agreed to sell its Taiwan life insurance unit to a Hong Kong investor group for $2.15 billion.
AIG will sell off its valuable Asian insurance business, a move that will jump start its plan to pay back more than a $100 billion in taxpayer bailout money.