“Benmosche is expanding the panel as he focuses on improving results at the property-casualty division.”
I thought the “crown jewels” of AIG (their P&C operations) were just fine. I thought their near demise was brought upon solely by their dabbling in credit default swaps. Does this mean that their P&C operations in truth have also sucked for several years and was masked by everybody looking at this bright shiny thing over here (the CDS’s)?
“AIG increasingly relies on that operation after divesting non-U.S. life businesses, and Benmosche has struck a deal to sell a plane leasing unit.”
So they’ll live or die based on their P&C operations now?
“Doyle joined AIG in 1986 and ran units including National Union Fire Insurance Co. and American Home Assurance Co.”
So this guy who has been around since 1986 and has been a part of their P&C operations and results over that period of time now has a bigger say so over improving the poor results he helped contribute to? Sounds like Eric Holder overseeing the problems in Eric Holder’s justice department in Obama’s administration. Sounds like a good plan to me.
“Benmosche is expanding the panel as he focuses on improving results at the property-casualty division.”
I thought the “crown jewels” of AIG (their P&C operations) were just fine. I thought their near demise was brought upon solely by their dabbling in credit default swaps. Does this mean that their P&C operations in truth have also sucked for several years and was masked by everybody looking at this bright shiny thing over here (the CDS’s)?
“AIG increasingly relies on that operation after divesting non-U.S. life businesses, and Benmosche has struck a deal to sell a plane leasing unit.”
So they’ll live or die based on their P&C operations now?
“Doyle joined AIG in 1986 and ran units including National Union Fire Insurance Co. and American Home Assurance Co.”
So this guy who has been around since 1986 and has been a part of their P&C operations and results over that period of time now has a bigger say so over improving the poor results he helped contribute to? Sounds like Eric Holder overseeing the problems in Eric Holder’s justice department in Obama’s administration. Sounds like a good plan to me.