NU Online News Service, May 1, 10:33 a.m. – American International Group Inc., New York, says its board has named Martin Sullivan and Edmund S.W. Tse “co-chief operating officers” of AIG.
Wall Street analysts and financial wire services are greeting the announcement as a sign that AIG has anointed the executives as possible successors to AIG Chairman Maurice “Hank” Greenberg, 76.
Sullivan has been running AIG’s foreign general insurance operations, and Tse has been the senior vice chairman in charge of life insurance.
Tse is also chairman of American International Assurance Company Ltd., AIG’s flagship Southeast Asian life insurance company.
Tse began his AIG career in 1961, when he joined AIA in Hong Kong. In 1970, he joined Nan Shan Life Insurance Company, Ltd., an AIG subsidiary in Taiwan, where he became president.