It seems, nothing is clear..we get contradictory messages every now and then..They have gone down like anything,,can not survive unless miracle happens..people working for them will caryy out the things as per their understanding and sometimes it is difficult to acknowledge what is wrong in the times of utter failure
“Strong” client retention – yeah, that’s easy to do when they are slashing their prices and writing to a 95-100% loss ratio…may be good right now – but just wait another year when the losses start pouring in…you think there’s trouble now…
THIS IS LIKE A REALLY SCARY POKER GAME. WHO WILL WIN? MY BET IS ON THE AMERICAN PEOPLE. I AM A TAXPAYER, AND I SAY THE BUCK STOPS HERE. NOT ONE MORE DIME IS TO BE GIVEN TO INSURANCE COMPANIES PERIOD! WE ALREADY IN DEBT UP TO OUR BUTTS IN CASE YOU ALL HAVE FORGOTTEN.
AIG, or the American International Group, is the world’s leading financial and insurance institution with a marketing and business presence in more than 130 countries around the world. AIG affiliate companies are engaged in commercial, institutional and individual services through one of the most extensive global property-casualty and life insurance networks on earth.
In the US, AIG companies comprise the largest underwriters of industrial and commercial insurers with the AIG American General as the leading insurance company. Its global businesses reach spans financial services, retirement services and asset management. AIG’s financial services include aircraft leasing, financial products and trading. AIG’s growing global consumer finance business is led in the United States by American General Finance and has one of the largest retirement services through AIG Sun America and the AIG VALIC, a market leader in asset management for the personal and institutional markets with investment management capabilities in fixed income, equities, alternative investments and real estate.
AIG is listed on the NYSC and in the London, Paris, Swiss and Tokyo stock exchanges. AIG also acts as the principal sponsor of Manchester United English football team as well as the Japan Open Tennis Championships.
Corporate History
AIG’s history started back in 1919 when Cornelius Vander Starr put up an insurance company in Shanghai, China. As the first westerner to sell insurance to the Chinese, Starr succeeded in growing the business and eventually expanded his services to Asia, Latin America, Europe and the Middle East.
In 1968, Starr named Maurice R. Greenberg his successor, having worked with him since 1962 and introduced new ways of conducting insurance business in America. A year later the company went public. In February 2005, Greenberg resigned as the company’s head.
Prosecutors said the defendants participated in a scheme in which AIG paid Gen Re as part of a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up its stock price and inflating reserves.
Reinsurance policies are backups purchased by insurance companies to completely or partly insure the risk they have assumed for their customers.
General Re is part of Berkshire Hathaway Inc., which is led by billionaire investor Warren Buffett of Omaha, Neb.
Droney requested more written information from both sides by the end of next week before he quantifies loss and determines what, if any, restitution the defendants must pay. A sentencing date has not been set.
Insurers often write to a +100% COR – making their money from investments. Don’t be fooled by negative items in the press – AIG’s Insurance business is viable and good.
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$24 billion loss!! Are you f(%$ng kidding me???????????????????
They just invested $150 billion of our money in this loser. And it’s making things better???
It seems, nothing is clear..we get contradictory messages every now and then..They have gone down like anything,,can not survive unless miracle happens..people working for them will caryy out the things as per their understanding and sometimes it is difficult to acknowledge what is wrong in the times of utter failure
“Strong” client retention – yeah, that’s easy to do when they are slashing their prices and writing to a 95-100% loss ratio…may be good right now – but just wait another year when the losses start pouring in…you think there’s trouble now…
THIS IS LIKE A REALLY SCARY POKER GAME. WHO WILL WIN? MY BET IS ON THE AMERICAN PEOPLE. I AM A TAXPAYER, AND I SAY THE BUCK STOPS HERE. NOT ONE MORE DIME IS TO BE GIVEN TO INSURANCE COMPANIES PERIOD! WE ALREADY IN DEBT UP TO OUR BUTTS IN CASE YOU ALL HAVE FORGOTTEN.
AIG, or the American International Group, is the world’s leading financial and insurance institution with a marketing and business presence in more than 130 countries around the world. AIG affiliate companies are engaged in commercial, institutional and individual services through one of the most extensive global property-casualty and life insurance networks on earth.
In the US, AIG companies comprise the largest underwriters of industrial and commercial insurers with the AIG American General as the leading insurance company. Its global businesses reach spans financial services, retirement services and asset management. AIG’s financial services include aircraft leasing, financial products and trading. AIG’s growing global consumer finance business is led in the United States by American General Finance and has one of the largest retirement services through AIG Sun America and the AIG VALIC, a market leader in asset management for the personal and institutional markets with investment management capabilities in fixed income, equities, alternative investments and real estate.
AIG is listed on the NYSC and in the London, Paris, Swiss and Tokyo stock exchanges. AIG also acts as the principal sponsor of Manchester United English football team as well as the Japan Open Tennis Championships.
Corporate History
AIG’s history started back in 1919 when Cornelius Vander Starr put up an insurance company in Shanghai, China. As the first westerner to sell insurance to the Chinese, Starr succeeded in growing the business and eventually expanded his services to Asia, Latin America, Europe and the Middle East.
In 1968, Starr named Maurice R. Greenberg his successor, having worked with him since 1962 and introduced new ways of conducting insurance business in America. A year later the company went public. In February 2005, Greenberg resigned as the company’s head.
WILL I WISH SOMEONE WOULD BAIL MY HARDWORKING BUT AT.
Prosecutors said the defendants participated in a scheme in which AIG paid Gen Re as part of a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up its stock price and inflating reserves.
Reinsurance policies are backups purchased by insurance companies to completely or partly insure the risk they have assumed for their customers.
General Re is part of Berkshire Hathaway Inc., which is led by billionaire investor Warren Buffett of Omaha, Neb.
Droney requested more written information from both sides by the end of next week before he quantifies loss and determines what, if any, restitution the defendants must pay. A sentencing date has not been set.
Insurers often write to a +100% COR – making their money from investments. Don’t be fooled by negative items in the press – AIG’s Insurance business is viable and good.