AIA names Ex-AIG executive Tse as director

Edmund Tse, who helped build American International Group Inc.’s life insurance operations for more than four decades, has been named a director of the main Asia unit the company is preparing for an initial public offering. Tse, 72, was appointed as a non-executive director of AIA Group Ltd on September 27, the Hong Kong-based division said in a regulatory filing released late yesterday by AIG.

AIA is adding executives as the business prepares for a public listing in Hong Kong this month. Mark Tucker, who built the Asia operations of Prudential Plc over 15 years and became chief executive officer of the London-based insurer in 2005, was named in July as CEO of AIA. Tse was the “principal architect of AIG’s global life insurance platform,” the New York-based insurer said in a 2009 statement announcing his reduced role with the firm. “Edmund Tse’s leadership, wisdom and vision will be greatly missed.” Tse joined AIA in 1961 and was CEO of the business from 1983 to 2009, according to the filing. He retired in 2009 as a director of AIG.