Mellon Foundation, Nan Shan
Life Insurance Company, The New York City Retirement Systems, Northwestern Mutual Life Insurance, P+, Partners Group, PFA Pension, Sampension, Signal Iduna, Teacher Retirement System of Texas, Teachers Retirement System of the State of Illinois, TryghedsGruppen, Universities Superannuation Scheme and Varma.
The sale was concluded to Nan Shan
Life Insurance Co Ltd (Nan Shan
) after the deal was originally announced in June 2015.
In both sectors, the same three insurers, Cathay, Fubon and Nan Shan
, control around 50% of gross premiums.
Nevertheless, as Allianz and - under AIG's ownership - Nan Shan
have shown, it is possible for foreign companies to build very substantial businesses in Taiwan.
9 billion (US$530 million), followed by Nan Shan
Life and Fubon Life Insurance with NT$13.
That $2 billion came from the sale of Nan Shan
, its Taiwan-based life insurance company, to Ruen Chen Investment Holding Co.
55bn) acquisition of US insurer AIGa[euro](tm)s (NYSE:AIG) local unit Nan Shan
by Ruen Chen group, after the buyer had met all imposed conditions.
The group has also been asked to keep TWD30bn in cash or assets in a custodian account for the next 10 years and put its entire stake in the unit, Nan Shan
Life, in trust for 10 years.
BANKING AND CREDIT NEWS-September 14, 2010--Fitch puts Nan Shan
Life's rating on "negative" watch(C)2010 M2 COMMUNICATIONS http://www.
Wang Shih-jung, a 71-year old policyholder of AIG's Nan Shan
unit and a former trade representative for Taiwan in Switzerland, told Reuters he has set up a company to make a bid if an existing $2.
2 billion sale of Taiwan unit Nan Shan
Life to a group led by China Strategic (0235.
AIG's next key sale could be Nan Shan
, a Taiwanese company.