AIA Group Ltd.
AIA Group is the largest independent life insurance company in the Asia-Pacific region, with total assets of more than $160 billion. It has a presence in 18 markets including mainland China, Hong Kong, Singapore, Thailand, Australia, Indonesia and India. AIA serves the holders of over 28 million individual policies and more than 16 million participating members of group insurance schemes.
The company was established in Shanghai by American Cornelius Vander Starr in 1919, and it has been expanding its network in Asia ever since. AIA was formerly AIG’s Asian operations, but AIG sold off its holdings of AIA shares when AIA went public on the main board of the Hong Kong Stock Exchange in 2010, raising about $20.5 billion. This was the third largest-ever IPO globally at the time.Mark Tucker became CEO in 2010. Before joining AIA, he served as Group Chief Executive of Prudential.
In 2014, AIA signed a sponsorship deal with the Tottenham Hotspur professional soccer team in the English Premier League. The AIA logo appears on the club’s uniform in all matches until 2019, by which the company intends to enhance its brand worldwide.