AIG Loses Reinsurance Executive to Greenberg’s Starr Company

By | March 10, 2009

  • March 10, 2009 at 10:09 am
    fred says:
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    And yet another AIG exec jumps ship.

    At what point do insureds see this and start to question things with AIG insurance companies? If all these top execs are jumping ship left and right, wouldn’t you then question that cut rate policy you’re getting from Lexington or whats going on behind closed doors thats causing all these people to leave the companies? Wouldnt’ you wonder “why are they giving away coverage like this and slashing their prices on top of it” Why are all their top employees leaving?

    All this is going on, yet no insureds seem to care or be bothered by it. They just see a cheap price and jump at it. When do you start to think “this is too good to be true” and question the company that’s receiving bailouts left and right and who just happens to have the cheapest prices out there…and who’s employees can’t seem to leave quick enough.

  • March 10, 2009 at 12:01 pm
    wudchuck says:
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    ok, but where will it end? afterall, the same slucks that cause the damage are shifting to another ship. will that same thing happen to the new company? um…um… who is going to oversee the exec ship jumpers? i hope that the new company keeps a close eye on it’s inventory/bottom dollar.

  • March 10, 2009 at 12:07 pm
    Trish says:
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    I am with Wudchuck, who is watching the new store? Hopefully, not the same guys that were watching AIG.

  • March 10, 2009 at 12:41 pm
    Bean Counter says:
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    Let’s see, Greenberg is enticing all his former loyalist from AIG to Star. I would bet that he is watching.

    Greenberg know everything thats happening around him. He also knows that by striping AIG of it’s experienced manager it puts it in worse position but a better position for him to waltz in & take those divisions that he wants.

    I still for the life of me can not figure why he was never indited. He surely must have some very powerful friends.

  • March 10, 2009 at 3:58 am
    Jaff the Cynic says:
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    Bean Counter – not indicted … yet
    woodchuck – The free market system where capitalists would rather work for capitalists than for the bureaucrats.
    fred – it stops when agents start providing advice not offering the lowest price



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