AIU deputy chief charts new course

666 views · Published 21 June 2009 · 5:56 · Indexed 20 September 2026

Channel: South China Morning Post · 2009 · News & Politics

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Stricken insurance giant American International Group became a poster child for the global financial crisis, with its huge losses and US$180 billion taxpayer-funded bailout.

Now with the dust settling on the debacle, a phoenix has been born from AIG's ashes. General insurance company AIU Holdings was born two months ago in the wreckage of its disgraced parent.

One of the executives at the top of the new firm hoping to put distance between it and the AIG past is Nicholas Walsh.

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