Primus Financial Holdings Ltd. has reiterated it sees a fair value of around US$1.3 billion for American International Group Inc.'s (AIG) Taiwan unit, a person familiar with the matter said Monday.

The comment comes after the Commercial Times reported Saturday, citing unnamed market sources, Primus had offered between US$1.8 and US$2 billion for the unit, Nan Shan Life Insurance Co.

A person familiar with the situation told Dow Jones Newswires last week Nan Shan, Taiwan's third-largest life insurer by gross premiums after Cathay Life Insurance Co. and Fubon Life Insurance Co., should be sold for around US$1.3 billion.

Other parties interested in Nan Shan include Fubon Financial Holding Co. (2881.TW), which is partnering with U.S. private-equity firm Carlyle Group L.P., Chinatrust Financial Holding Co. (2891.TW), and Cathay Financial Holding Co. (2882.TW).

AIG has said it will disclose the result of the bids Sept. 4.

-By Perris Lee Choon Siong, Dow Jones Newswires; 88622 502-2557; perris.lee@dowjones.com