An American International Group spokesman would not comment on news reports that a major Chinese insurer may be interested in purchasing the company's Asian assets.
News reports citing Chinese papers noted that China Life president Wan Feng spoke of the quality of AIG's insurance business in Asia at a recent media briefing. Mr. Feng also said AIG's insurance business needed further observation since the financial condition of AIG may worsen, according to the reports.
Some news reports cite an unnamed China Life manager briefed on the situation as confirming the company's interest in parts of AIG's business, "especially those in areas of Asia such as Hong Kong, Singapore and South Korea."
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