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AIG To Take $1.4B Hit In Sale Of Taiwanese Unit

Law360, New York (October 15, 2009) -- American International Group Inc. expects to see a loss of around $1.4 billion on the sale of its Taiwanese life insurance unit, the insurer said in a U.S. Securities and Exchange Commission filing Thursday.

According to its 8-K filing, AIG expects the sale of 97.57 percent of Nan Shan Life Insurance Co. Ltd. to an investor group led by Primus Financial and including China...

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