Bailed-out insurer AIG is facing fresh hurdles in its second attempt to sell its Nan Shan unit in Taiwan, with an unhappy union weighing in against the $2.16 billion deal. The agreement to sell the unit, Taiwan's No.3 life insurer, to Ruen Chen Investment, a group of hypermarket chain Ruentex and shoe maker Pou Chen , already faces tough scrutiny from regulators mindful of any impact on Nan Shan's 4 million policyholders--one-sixth of Taiwan's population. Another storm is brewing over pension payments to the insurer's 30,000 plus sales agents, whom the union says should get the same benefits as regular salaried staff. The union wants Ruen Chen to pay some T$15 billion to T$16 billion ($510 million-$540 million) in pension money to the agents.
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