AIA gained 17% in its market debut today, following its record Hong Kong IPO last week. The...

|By:, SA News Editor

AIA gained 17% in its market debut today, following its record Hong Kong IPO last week. The successful IPO will ramp up competition with insurers like Prudential (PRU) for marketshare in Asia's fast-growing life insurance business, and let AIG's (AIG) management refocus on its core business.