AIG exec gets highest award

Edmund Tse, senior vice chairman and co-chief operating officer of the American International Group Inc. (AIG) as well as chairman and chief executive officer of American International Assurance Co. Ltd. (AIA), has been elected to the Insurance Hall of Fame, the most prestigious award in the insurance industry. AIA is a wholly-owned subsidiary of AIG, operating mainly in Asia.

He is to be formally inducted into the Insurance Hall of Fame on July 15 at the annual seminar of the International Insurance Society, the sponsor of the Insurance Hall of Fame.

Created in 1957, the Insurance Hall of Fame honors individuals who have influenced the ability of insurance organizations to service society effectively in one or more countries. Inductees have shown creative thinking and imaginative actions in the insurance field. Tse incidentally will be the first Chinese to be given this prestigious award.