American International Group Inc. went to court to block Hank Greenberg from stealing clients from them. That is the most incomprehensible event to occur in my entire insurance career.
Greenberg spent 1/2 of his life building AIG and he is first and foremost a businessman. Probably the saddest thing is that the name of the founder is being bantered around the courtroom like it has no value.
Chief Executive Martin Sullivan, sold more than $63 million of Starr shares in a recent tender offer;
Maurice Greenberg is a billionaire…
Both of these men are rich as a result of C.V. Starr and neither is showing him any respect.
I don\’t care about AIG allegations of unauthorized reinsurance agreements between Starr Technical Risks Agency Inc. and National Indemnity Co. (\”NICO\”), a unit Berkshire Hathaway.
The order doesn\’t prevent Starr from using NICO. It just prohibits Starr from moving existing direct insurance from AIG to NICO. Where\’s the evidence that they were planning to do that?
AIG claims there is an exclusive contractual relationship between AIG and Starr Tech but C.V. Starr sold policies for other companies in the past.
AIG and Mr. Greenberg…calm down and take your fights private. Neither company needs the bad press nor this insult. You are harming stockholder equity and embarassing yourselves.
AIG and Starr have battled in court before. AIG has previously sued Greenberg for control of $18 billion of AIG shares.
This needs to stop. You both are damaging a company both of you claim to love.
Hear hear regarding all comments by \”Former AIG.\” Although, if AIG had had the \’nads in the first place to stand behind Greenberg they could be both spending this energy fighting the Spitzer-Machine. I don\’t think Spitzer is always wrong; it\’s the trial without a jury aspect that troubles me. Regards!
I have a question more than a comment. Were the activities of AIG going on in other states other than New York? If so why were other Attorney Generals in the states NOT taking action against AIG? Paul Gordon Insurance Agent Austin, Texas.
American International Group Inc. went to court to block Hank Greenberg from stealing clients from them. That is the most incomprehensible event to occur in my entire insurance career.
Greenberg spent 1/2 of his life building AIG and he is first and foremost a businessman. Probably the saddest thing is that the name of the founder is being bantered around the courtroom like it has no value.
Chief Executive Martin Sullivan, sold more than $63 million of Starr shares in a recent tender offer;
Maurice Greenberg is a billionaire…
Both of these men are rich as a result of C.V. Starr and neither is showing him any respect.
I don\’t care about AIG allegations of unauthorized reinsurance agreements between Starr Technical Risks Agency Inc. and National Indemnity Co. (\”NICO\”), a unit Berkshire Hathaway.
The order doesn\’t prevent Starr from using NICO. It just prohibits Starr from moving existing direct insurance from AIG to NICO. Where\’s the evidence that they were planning to do that?
AIG claims there is an exclusive contractual relationship between AIG and Starr Tech but C.V. Starr sold policies for other companies in the past.
AIG and Mr. Greenberg…calm down and take your fights private. Neither company needs the bad press nor this insult. You are harming stockholder equity and embarassing yourselves.
AIG and Starr have battled in court before. AIG has previously sued Greenberg for control of $18 billion of AIG shares.
This needs to stop. You both are damaging a company both of you claim to love.
Hear hear regarding all comments by \”Former AIG.\” Although, if AIG had had the \’nads in the first place to stand behind Greenberg they could be both spending this energy fighting the Spitzer-Machine. I don\’t think Spitzer is always wrong; it\’s the trial without a jury aspect that troubles me. Regards!
I have a question more than a comment. Were the activities of AIG going on in other states other than New York? If so why were other Attorney Generals in the states NOT taking action against AIG? Paul Gordon Insurance Agent Austin, Texas.
it appears that spitzer and aig want greenberg out of the insurance business. it does not matter whose right or wrong they just want him out.