AIG’s problems and issues are deep. So deep I don’t know anybody well versed in P&C that can fix them. And certainly a person with no P&C expertise could fix them. Next!
You can’t fix VAST past writings of long-tail liability insurance in 6 quarters. There is no quick-fix to the hole AIG has got themselves in over the past two decades.
No surprise here, as it was only a matter of time. He was never qualified or capable to run an insurer, despite decimating the companies asset portfolio, experienced leaders, etc. Bankers are bankers.
I can only hope his abysmal performance is reflected in any severance comp he is eligible to receive.
Integrity, I have been watching them for my whole insurance career. They were the big boy bullies and thought they could do whatever they wanted. Remember the bid rigging scandals they were heavily into? Thugs!
Get over the “bid rigging” line you have beaten that into the dirt 5 years ago.
Being big and being able to create products first in the market with that product is not being a bully. Is Marsh a Bully, was J&H, AON, Sedgwick James because they were all big or is because you did not have access to their products because they were not big BOP underwriters and Hartford and Travelers served your needs….
@underbroker; Agent wasn’t referring to AIG creating products first. And many in the market agree with him. I’m just sayin’.
When the right person gets into the big chair, they’ll unwind the problems. It will take an underwriter, CPA, or an actuary to do so, not a marketing person or …. banker?
Being big? They are not nearly the company they were and will never be again. You cant shrink yourself to greatness!
They still are bully’s, they haven’t had a new product since when?, their contracts are at least 10 years old, they are working on systems that are already outdated before they could get them up and running, this will be their 7th CEO in 9 years and if you have really been paying attention you would know that Hancock has posted 4 losses in 6 quarters. But AIG sold off another asset United Guaranty during one of those profitable quarters so technically Hancock had 5 quarterly losses out of 6.
Clue in like the rest of the Country and get off your AIG horse, its not making you sound smart.
I’ll take the job! All I need is one year of pay, I mean, if I can’t turn it around in a year, then let me go.
AIG’s problems and issues are deep. So deep I don’t know anybody well versed in P&C that can fix them. And certainly a person with no P&C expertise could fix them. Next!
You can’t fix VAST past writings of long-tail liability insurance in 6 quarters. There is no quick-fix to the hole AIG has got themselves in over the past two decades.
No surprise here, as it was only a matter of time. He was never qualified or capable to run an insurer, despite decimating the companies asset portfolio, experienced leaders, etc. Bankers are bankers.
I can only hope his abysmal performance is reflected in any severance comp he is eligible to receive.
Integrity, I have been watching them for my whole insurance career. They were the big boy bullies and thought they could do whatever they wanted. Remember the bid rigging scandals they were heavily into? Thugs!
Agent,
Get over the “bid rigging” line you have beaten that into the dirt 5 years ago.
Being big and being able to create products first in the market with that product is not being a bully. Is Marsh a Bully, was J&H, AON, Sedgwick James because they were all big or is because you did not have access to their products because they were not big BOP underwriters and Hartford and Travelers served your needs….
@underbroker; Agent wasn’t referring to AIG creating products first. And many in the market agree with him. I’m just sayin’.
When the right person gets into the big chair, they’ll unwind the problems. It will take an underwriter, CPA, or an actuary to do so, not a marketing person or …. banker?
I wonder what the former senior people who were let go are thinking now.
Underbroker,
Being big? They are not nearly the company they were and will never be again. You cant shrink yourself to greatness!
They still are bully’s, they haven’t had a new product since when?, their contracts are at least 10 years old, they are working on systems that are already outdated before they could get them up and running, this will be their 7th CEO in 9 years and if you have really been paying attention you would know that Hancock has posted 4 losses in 6 quarters. But AIG sold off another asset United Guaranty during one of those profitable quarters so technically Hancock had 5 quarterly losses out of 6.
Clue in like the rest of the Country and get off your AIG horse, its not making you sound smart.
Prob has a big position.
Each misfortune that one encounters will carry in it the seed of tomorrow’s good-will.
Success depends on previous preparation, and without such preparation, there is sure to be failure – Confucious
Fortune cookies are tasty – PolarBeaRepeal
The Wrath of Icahn.