I don’t think AIG Agency Auto has enough “mass” to warrant a sale to Allstate, and it would be contrary to Liddy’s belief that AIG should return to its core P&C platform.
I have a feeling Buffett is sniffing around to pick up a couple bits and pieces. Remember, a lot of those P&C subsidiaries were pretty stable and profitable… they probably won’t sell at “fire sale” prices but they’ll still be great investments for someone with a couple billion in “walking around” cash laying around.
Liddy came from Allstate. I’ll put money that AIG personal lines ends up there for an attractive price.
I don’t think AIG Agency Auto has enough “mass” to warrant a sale to Allstate, and it would be contrary to Liddy’s belief that AIG should return to its core P&C platform.
Everyone I have talked to, are writing ex-AIG clients as fast as they can!
Including myself, good luck to the buyer!
I ain’t sayin’ nothin’
I have a feeling Buffett is sniffing around to pick up a couple bits and pieces. Remember, a lot of those P&C subsidiaries were pretty stable and profitable… they probably won’t sell at “fire sale” prices but they’ll still be great investments for someone with a couple billion in “walking around” cash laying around.