NEW YORK (Bloomberg)—American International Group Inc. has no intention to sell its Taiwan-based life insurance unit to another party and won’t entertain an offer from Chinatrust Financial Holding Co., AIG said in an e-mailed statement.

AIG is “firmly committed” to closing its signed agreement with the Primus-China Strategic consortium and remains confident the Taiwan regulators will approve the transaction, the statement said.

The buyers, who set up Primus-Nan Shan Holding Co. for the transaction, agreed in October 2009 to buy Nan Shan Life Insurance Co. from AIG for $2.15 billion.

If the deal isn’t approved, AIG would “evaluate its options to limit any long-term commitments from its continued ownership in Nan Shan”, the insurer said.

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