AIA Group Ltd., the second-largest Asia-based insurer, said the value of new business and its operating profit hit records in 2013 even as profit dropped in the year to November on weaker stock markets.
Prudential Plc’s Tidjane Thiam tried and failed to expand in Asia by buying AIA Group Ltd. , his first test as chief executive officer. To succeed now, he will have to beat AIA’s new CEO and his ex-boss, Mark Tucker .
Mark Tucker , who was named head of American International Group Inc. ’s main Asia division, told staff that he plans to triple the unit’s value to $100 billion, according to a person with knowledge of his remarks.
American International Group Inc. ’s appointment of Mark Tucker as chief executive officer of its Asian unit shows AIG may eventually be planning a takeover bid of Prudential Plc ’s division in the region, analysts said.
American International Group Inc. , the insurer bailed out by the U.S. government, named Mark Tucker as chief executive officer of AIA Group Ltd. as it pushes ahead with plans for a Hong Kong initial public offering of its Asian life unit.
AIA Group Ltd., American International Group Inc.’s Asian division, has “little interest” in bidding for Prudential Plc’s East Asian assets, the Sunday Telegraph reported, citing Chief Executive Officer Mark Tucker.
American International Group Inc. plans to appoint former Prudential Plc Chief Executive Officer Mark Tucker to replace Mark Wilson as head of the bailed-out insurer’s main Asia unit, two people with direct knowledge of the matter said.