During the 2008 blowup, AIG, the parent company of AIA was on the brink of choking to death under a heap of toxic CDS, stroking fears that AIA would be taken along with it. By cutting ties to both AIA and AIG, perhaps they are hoping that this will prevent clients of AIA Singapore from running off to their competitors in fear when AIA and AIG blow up again in 2012.
Maybe 2012 will be really doomsday, but without the multi-million dollar Hollywood CG effects.
Ahhh this will be sweet.
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