Continuing its efforts to recalibrate its business to focus on core operations, American  International Group Inc. AIG has entered into a strategic agreement with FWD Group, the insurance arm of Pacific Century Group.

Per the agreement, American International will sell its Japan life insurance business AIG Fuji Life Insurance Company, Ltd. (AFLI) to FWD Group.

The timing and the financial terms of the deal has been kept under wraps. Read the full story AIG Restructuring Continues with Japan Life Business Sale