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History
is the largest independent public listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific, wholly owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97% subsidiary in Sri Lanka, a 26% joint venture in India, and representative offices in Myanmar and Cambodia.
AIA traces its roots back to 1919 when an enterprising young man named Cornelius Vander Starr opened an insurance agency in Shanghai, China. Vander Starr eventually expanded his business throughout Asia, the US, and worldwide. In 1945, he relocated his head office from Shanghai to New York after a forced exit from mainland China. Thus the Asian AIA became a subsidiary of New York-based AIG.
Abbreviation
American International Assurance
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