NYT says Ex-AIG Chief Is Back – but you heard it here back in April

Just as Steve predicted back in April, today’s New York Times reports Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm:

Maurice R. Greenberg, who built the American International Group into an insurance behemoth with an impenetrable maze of on- and offshore companies, is at it again.

Even as he has been lambasting the government for its handling of A.I.G. after its near collapse, Mr. Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V. Starr & Company, he has been hiring some people he once employed.

You have to give Steve and his crystal ball credit:

Greenberg landed at the helm of C.V. Starr (insurance) which he is now reforming into a mini-me AIG. Greenberg will not be satisfied with running a mini-AIG and has recently acquired several key employees from AIG which may ensure the eventual expansion of C.V.Starr (insurance).

Greenberg’s dream of creating as his legacy the world’s greatest financial dynasty did not die with his departure from the helm of AIG. It is his life’s work. Continue reading “NYT says Ex-AIG Chief Is Back – but you heard it here back in April”

We’re mainly a legal affairs and insurance blog……

I do love it when my sports predictions play out (at least so far). Then again those that follow the Saints closely knew after the draft we had a special year on tap.

So how hot the fire that is Saint’s mainia burning? This story in today’s Times Picayune gives a hint.

Nowdy’s youngest attended the Saints-Giants game and though I didn’t follow up, I guarantee you he never experienced anything like it at an Ole Miss game. Next Monday night will be even crazier. Continue reading “We’re mainly a legal affairs and insurance blog……”

Gene Taylor gives an extensive interview to Seapower Magazine on Maritime Issues

While the Wall Street money changers have gotten to know Gene because of his relentless pursuit of insurance reform, he made his mark in military circles, especially the Navy and Coast Guard as Chair of the House Seapower Subcommittee. Not only does Gene bring mucho experience and common sense to this important oversight position, his Chairmanship helps insure the entire region continues to have the good paying jobs building ships that protect our country and it’s interests. I think our readers will find Gene’s interview most informative. – sop

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INTERVIEW: U.S. Rep. Gene Taylor, D-Miss. Chairman of the House Armed Services Seapower and Expeditionary Forces Subcommittee