American International Assurance known as AIA is an insurance company based in Hong Kong. It has offices in Asia-Pacific region including Taiwan, China, Australia, New Zealand, Japan, India, Malaysia, Macau, South Korea, Thailand, Philippines, Singapore, Brunei and Vietnam. Subsidiaries include Philippine American Life and General Insurance Company. It was a member of American International Group, but separated from the group in 2009 after it was finalized that AIA as well as ALICO were placed under the administration of a Special Purpose Vehicle in exchange for the Federal Reserve Bank of... New York. According to the statistics from the Office of the Commissioner of Insurance , AIA being the number 1 of Hong Kong insurance company in terms of the number of policies, its market share in Hong Kong Insurance market is 26% and sum assured worth more than 400 billion HKD . AIA was planned to be listed in Hong Kong Stock Exchange in April 2010. However, in March 2010, Prudential plc, a United Kingdom-based financial services company, announced that it will buy AIA for $35.
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