Taiwanese Firm Would Bid Again For AIG Unit

Taiwan's Chinatrust Financial said it would again bid for American International Group's AIG Nan Shan Life unit if the U.S. insurance giant puts it back on the market. Chinatrust, Taiwan's top credit card issuer, tried and failed to acquire Nan Shan last year. Chinatrust's comments came after China Strategic said on Monday that it and partner Primus Financial Holdings have ended their $2.2 billion purchase agreement with AIG for Nan Shan, according to Reuters. China Strategic and Primus had their bid blocked by regulators because the companies are not experienced in the insurance business. China Strategic is a battery maker. AIG is trying to sell Nan Shan, Taiwan's third-largest life insurance firm, as part of its plan to repay $45 billion in loans from the U.S. government.