AIA, one of the world’s largest insurance companies, posted strong interim results last week and is confident about its prospects. Yet, the Asia-focused firm, led by chief executive Mark Tucker, has endured a difficult recent history.
It was tainted by its ownership by AIG, one of the biggest villains and casualties of the 2008 financial crisis. Its future was in abeyance as the UK’s Prudential subsequently made a rejected bid, until a successful IPO in 2010 set it towards a more secure future.
“The IPO in 2010 drew a line between AIA’s past and its future,” Tucker told FinanceAsia in an...
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