Buyout Groups Eye AIG's Taiwan Unit

Carlyle Group, Primus Financial and MBK Partners may seek to buy Nan Shan Life Insurance, the Taiwanese subsidiary of American International Group(AIG Quote), Bloomberg reports.

Other firms that have asked AIG for information about the sale and which might take part in the first round of bids scheduled for Friday include KKR & Co., Affinity Equity Partners, Cathay Financial and Chinatrust Financial.

The unit may be sold for about $2 billion, Bloomberg reports, citing people familiar with the situation.

AIG, the embattled insurer, is in the process of selling assets to repay government loans of more than $180 billion.

Meanwhile, a new slate of directors to AIG's board will stand for election at the company's annual meeting Tuesday.

The nominees will help rebuild a board that in the past year has had seven resignations, one retirement and three other directors that won't be standing for re-election, according to Reuters.

Trustees appointed to have oversight of the government's 80% stake in AIG wanted to shake up the board to raise corporate governance standards, Reuters reports. At least seven of the new directors were recommended by either the U.S. Treasury or the trustees.