Protest launched

TAIPEI: Some 2,000 insurance agents for a local unit of American International Group protested on Wednesday against a proposal to sell the company's Taiwan unit to a new Hong Kong financial group. The demonstrators, waving placards and wearing yellow headbands, gathered outside the headquarters of Nan Shan, Taiwan's number two life insurer, to express fears about their pensions under the new ownership. The protest came after AIG said last month it would sell Nan Shan to Hong Kong-based Primus Financial Holdings for $2.15 billion as the American giant raised money to pay off a US government bail-out.