I read elsewhere that this new BH operation was mainly E&S. This story either missed that key point, or the other report I read was inaccurate, or it or I wrongly focused on E&S.
Plenty of capital to use is both a good thing and a bad thing. Let’s watch how ex-AIG execs use capital when Uncle Warren is its’ source, rather than Uncle Sam.
Doesn’t BH already have an E&S operation in USLI? Why don’t they just expand that unit? It’s already established, and I wouldn’t think expansion would require a whole lot of poaching…
E&S Insurance will be the launching point for the new B&H operation given that Eastwood, Breshnahan and Godwhani all have strong ties to Lexington.
All of them are strongly intelligent and competent executives. Moreover, they have large rolodex, and I am sure they will be using their many contacts (especially from AIG) to join BH operation.
This is another blow to AIG. I am sure another exodus of employees is set to hit the company.
AIG thinks it will be business as usual and they can replace all those guys with people who have been waiting in the wings. Personally, I think they will find a number of accounts going elsewhere before it is said and done.
Will this be direct(ly) sold insurance or through agents? I don;t sell commercial but it seems you have to be pretty careful when you are writing it; it’s not a one size fits all product.
I read elsewhere that this new BH operation was mainly E&S. This story either missed that key point, or the other report I read was inaccurate, or it or I wrongly focused on E&S.
Plenty of capital to use is both a good thing and a bad thing. Let’s watch how ex-AIG execs use capital when Uncle Warren is its’ source, rather than Uncle Sam.
Doesn’t BH already have an E&S operation in USLI? Why don’t they just expand that unit? It’s already established, and I wouldn’t think expansion would require a whole lot of poaching…
USLI’s appetite is so small they could NEVER get to scale with that company.
E&S Insurance will be the launching point for the new B&H operation given that Eastwood, Breshnahan and Godwhani all have strong ties to Lexington.
All of them are strongly intelligent and competent executives. Moreover, they have large rolodex, and I am sure they will be using their many contacts (especially from AIG) to join BH operation.
This is another blow to AIG. I am sure another exodus of employees is set to hit the company.
AIG thinks it will be business as usual and they can replace all those guys with people who have been waiting in the wings. Personally, I think they will find a number of accounts going elsewhere before it is said and done.
Using their rolodex for contacts?
“Rolodex” ahhhh. Music to my ears. Wait, let me take a hammer my iPhone.
I Phones, Blackberries, Window Phones, AIG employees will be contacted and will leave the company faster than Usain Bolt in the 100 meters.
“strongly intelligent” analysis
Will this be direct(ly) sold insurance or through agents? I don;t sell commercial but it seems you have to be pretty careful when you are writing it; it’s not a one size fits all product.