NEW YORK (Bloomberg) - Primus Financial Holdings Ltd. and China Strategic Holdings Ltd. extended an agreement with American International Group Inc. (AIG) to purchase the US company's Taiwanese insurance unit.

The agreement to acquire Nan Shan Life Insurance Co. was extended until October 12, according to an e-mailed statement from Primus yesterday. Primus Financial and China Strategic are teaming up to buy Nan Shan Life from AIG.