AIG: To Work Actively And Closely With Taiwan Regulators For Nan Shan

American International Group Inc. (AIG) will work actively and closely with Taiwan regulators on its divestiture of Nan Shan Life Insurance Co., AIG spokeswoman Lauren Day said Friday.

"AIG continues to work actively and closely with the regulators to achieve a successful close of the transaction...We expect that the deal will proceed according to the agreed-upon terms," New York-based Day told Dow Jones Newswires by telephone.

AIG is selling its 97.5%-owned Nan Shan Life to a consortium comprising Hong Kong-based Primus Financial Holding Ltd. and China Strategic Holdings Ltd. (0235.HK) in a deal announced in October.

On Tuesday, China Strategic said it had agreed to sell 30% of Nan Shan Life to Chinatrust Financial Holding Co. (2891.TW) in exchange for 9.95% of Chinatrust, though the original deal has yet to receive Taiwan regulatory approval.

-By Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502-2557; perris.lee@dowjones.com