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American International Group has struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a unit since a government bailout saved it from collapse last year.

American International Group struck a deal to sell its Taiwan life insurance for $2.15 billion, marking its largest disposal of a division since a government bailout last year saved it from collapse.

American International Group Inc is in talks to sell a small part of its portfolio of commercial aircraft to a group led by the chief executive of its aircraft leasing business, sources familiar with the matter said

American International Group has agreed to sell it's Taiwan life insurance unit for $2.15 billion, a key step in its effort to raise cash after a U.S. government bailout last year saved the company from collapse.

The New York headquarters of troubled insurer American International Group (AIG) is being converted into luxury condominiums.

Allstate, the largest publicly-traded auto and home insurer, said on Tuesday that it had picked AIG executive Matthew Winter to be the chief executive of its troubled life insurance division.

Primus Financial has won the bid for AIG's Taiwan insurance unit Nan Shan Life at $2.2 billion with a contract to be signed on Friday, a local newspaper reported on Tuesday.

American International Group dismissed consulting firm McKinsey & Co as its restructuring adviser in an effort to cut costs, according to a Bloomberg report, citing two people familiar with the matter.

Fitch Ratings put AIG's aircraft leasing unit, International Lease Finance Corp. on negative rating watch on Friday, citing concerns whether the company could be sold in a way that would keep its ratings at investment grade level.

The Obama administration's plan to merge bank regulatory agencies will not solve future problems or promote efficiency in financial markets, the regulator of U.S. thrifts said on Wednesday.

Shares of government-controlled insurer American International Group Inc rose Monday on hopes that the terms of its government bailout may be eased.

Insurer American International Group Inc's once-desperate financial state has started to stabilize, a government agency said on Monday, as an influential lawmaker said he would look at easing the terms of the insurer's federal bailout once more.

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

Wells Fargo Securities downgraded American International Group Inc to underperform, saying the company has virtually no tangible book value at the moment and that its shares are over priced.

U.S prosecutors are preparing to impanel a grand jury to consider indicting the former head of American International Group's AIG Financial Products unit for securities fraud, the Wall Street Journal reported.

American International Group Inc is interviewing banks this week on managing a planned initial public offering of a life insurance unit, American Life Insurance Co, sources familiar with the matter said on Tuesday.

American International Group Inc is interviewing banks this week to manage a planned initial public offering of life insurance unit American Life Insurance Co, sources familiar with the matter said.

Credit Suisse downgraded American International Group Inc to underperform from neutral, saying near-term sale of businesses would leave little to no value for common equity holders.

Chinatrust Financial said on Monday it was planning to raise more cash on top of a $1.34 billion private placement announced on Friday, but declined to comment on reports it had outbid rivals for AIG's Taiwan unit.

Chinatrust Financial, Taiwan's top credit card issuer, offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source with direct knowledge of the situation told Reuters on Saturday.

American International Group Inc agreed on Saturday to sell a part of its asset management business to Hong Kong tycoon Richard Li's Pacific Century Group for about $500 million, after an auction process that dragged on for months.

Chinatrust Financial, Taiwan's top credit card issuer, offered $2.4 billion for AIG's Taiwan Nan Shan Life unit, outbidding rivals, a source with direct knowledge of the situation told Reuters on Saturday.

AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a local newspaper reported, after potential buyers bid below the $2 billion the insurer had hoped for.

Some members of insurer AIG's board are concerned about recent strong comments from their new chief executive Robert Benmosche, the Wall Street Journal said on Wednesday citing people familiar with the matter.

AIG's new CEO, Robert Benmosche, has sparked just about as many headlines as one executive can in the past few weeks -- and all while on holiday at his villa in Croatia looking over the Adriatic.

The buyer of AIG's Taiwan unit Nan Shan Life should run it for at least seven years, the island's financial regulators said on Tuesday, indicating there will be no swift exit for any buyer.

Standard & Poor's said on Tuesday it is continuing to review its ratings on International Lease Finance Corp for downgrade as American International Group Inc's plans to sell the unit have become less clear.