The failed sale of AIG's wholly owned pan-Asian life insurance subsidiary AIA Group Ltd. to U.K.-based Prudential plc “has strained relationships at the top of the US insurer, increasing tensions between Robert Benmosche, the chief executive, and Harvey Golub, the chairman,” the Financial Times (FT) reports.
Sourcing “people close to the situation,” FT reports that the relationship between Benmosche and Golub, was not yet at breaking point. However, the board’s behavior in the run-up to this month’s collapse of the proposed sale angered Benmosche and soured his relations with the chairman.
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