TAIPEI -(Dow Jones)- U.S. insurance company American International Group Inc. (AIG) has injected NT$45.11 billion (US$1.36 billion) in fresh capital into its 95%-owned Nan Shan Life Insurance Co. as planned, the Taiwanese life insurer said late Friday.
The capital injection by AIG, in proportion to its ownership in the Taiwan unit, is part of Nan Shan's NT$47.22 billion fund raising approved by its board in October, Taipei-based Nan Shan said in an emailed statement.
Nan Shan is Taiwan's second largest life insurer by gross premiums, after Cathay Life Insurance Co.
-By Perris Lee Choon Siong, Dow Jones Newswires; +8862-2502-2557; perris.lee@ dowjones.com
Source: http://money.cnn.com/news/newsfeeds/articles/
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