TAIPEI Reuters AIG AIG.N said it was committed to closing its $2.2 billion sale of Taiwan unit Nan Shan Life to a buyer group led by China Strategic 0235.HK and was confident the stalled sale would get Taiwan regulatory approval.
In an exclusive email response to Reuters, the bailed-out U.S. insurer said it could seek to limit long-term Nan Shan commitments if the bid failed.
Pressure is mounting on AIG to close the deal after the collapse of its planned $35.5 billion sale of its Asian life assets to Prudential PRU.L.
Taiwan regulators have yet to decide on the sale, first agreed in late 2009, amid concern the buyer group, which includes China Strategic and Primus Financial, is backed by Chinese money and lacks experience in the insurance business and the ability to raise money for future operations.
Reporting by Faith Hung and Rachel Lee; Editing by Doug Young and Jonathan Hopfner
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