Lots of interest in AIG's Asian life insurance assets

Looks like beleaguered insurance giant American International Group Inc. has plenty of interest in its Asian life insurance assets. Reuters and The Wall Street Journal reported this week that Munich Re AG, one of the world's largest reinsurers by gross premiums, is interested in part of AIG's Asian properties. 

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China Life Insurance Co. Ltd., the world's biggest life insurer by market value, could also be eyeing the Asian assets, according to a Reuters report on Monday. Meanwhile, AIG said on Tuesday that its chairman and CEO, Edward Liddy, would voluntarily accept a $1 salary, and AIG's top-seven officer leadership group won't receive salary increases through 2009 or annual bonuses this year. - Cheryl Meyer

AIG freezes management salaries, pays CEO $1 a year
See AIG statement
See Dealscape post on AIG canceling bonuses

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