Singapore AIA chief resigns as surrendered policies mount (2nd Roundup)

M&C, 18 Sep 2008

Singapore - The Singapore chief of American International Assurance (AIA) resigned on Thursday as surrendered policies mounted by hundreds of customers unconvinced of the insurer's soundness.

Mark O'Dell, who has been trying to convince policyholders that that AIA could meet its obligations, was said to be joining a rival firm and a new general manager would start on Friday.

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