AIA CEO outlines growth strategies, but is short on detail

As the pan-Asia life insurer opens the retail portion of its $13.9 billion to $20.6 billion IPO and kicks off the marketing to US institutional investors today, sources say the entire deal, including the upsize option, is already covered.

AIA CEO outlines growth strategies, but is short on detail
Mark Tucker addresses the Hong Kong media via video link

In the words of new chairman and CEO, Mark Tucker, AIA Group’s ongoing initial public offering is “a critical turning point” for the company, not just because it will help separate the pan-Asia life insurer from its troubled US parent, but also because it marks the starting point in the public eye for the new management and its focus on achieving faster growth.

The deal could raise more than $20 billion and will value AIA at between $28.6 billion...

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