Resignation of our longest serving foreign GM (AIA Singapore)

In today's news it was annnounced that AIA's (S'pore) executive VP & GM, Mark O'Dell has resigned. Channelnewsasia states that he's joining a rival insurer overseas. He has been planning to resign for some time and his resignation has no link to the recent developments with AIG.

MAS (Monetary Authority of Singapore) reiterates that AIA has sufficient assets in its insurance funds to meet its liabilities of policyholders. Policy holders are still in queue to terminate their policies. AIA has announced that to date 0.1% of their 2.5 million policies in S'pore have been terminated. More than 1500 out of the 1.9 million AIG policies have been terminated in Hong Kong but the situation stabilised since. AIA has considered reinstating policies without a penalty charge imposed on policy holders.

Well Mark O'Dell ensured policy holders that AIA has enough funds to sustain and operate as usual; and two days later he resigns. I guess policy holders have their reasons for going on with their termination of policies even though they may be in for a loss.