AIG began life as the humble brainchild of Cornelius Vander Starr who in 1919 formed a simple two clerk insurance agency in Shanghai, China. He named his company the American Asiatic Underwriters.
Though the years the corporate name would evolve and eventually become American International Group or AIG. Starr’s company, from its inception, was unique because it was founded in China by a young (27 year old) American. The underwriters of the day were European with British firms as the dominate player.
When other American-owned companies began establishing a presence in China, Starr saw an opportunity in the propensity of companies to “follow the flag” of their native country in their selection of insurance.
Starr’s strengths were his boldness and keen insight into the changing social dynamics that would lead to less risky insurance products. For example, Continue reading “AIG – a Starr in the crown”
Song Jimmie Rodgers
Lyrics by Sop81_1
Performed by: Maurice “Hank” Greenberg, Ronald E. Ferguson, Robert D. Graham and Christopher P. Garand, and Christian M. Milton
Special Guest Yodelers: Warren Buffet, Tim Balducci, Steve Patterson, Joey Langston and Dick Scruggs
I had a friend named Ramblin’ Ron
Who used to steal gamble and rob
He thought he was the smartest guy in town
But I found out last Monday
That Ron got locked up Sunday
They’ve got him in the jailhouse way down town
He’s in the jailhouse now he’s in the jailhouse now
I told him once or twice quit playin’ cards and shootin’ dice
He’s in the jailhouse now Continue reading “Oh Insurer Where Art Thou Part 5: In the Jailhouse Now”
That our fonts have turned blue? Normally I’m the quiet behind the scenes guy who trouble shoots such things here at slabbed but frankly this one has me stumped.
In other news Brent Warr announced he won’t be running for re-elction due to the fight to clear his name in USA v Warr. The FEMA charges will prove problematic for he and Mrs Warr IMHO.
The city must move on and with George Schloegel qualifying for the mayor’s race in Gulfport the City will be getting a great man with a lifetime of wisdom running Mississippi’s largest publicly traded company. George comes equipped with mucho business sense to hit the ground running and continue the task of rebuilding Gulfport’s beachfront and downtown. Uncle Leo would no doubt be very proud.
Wait a second Sop are you coronating George Mayor in advance of the election? The short answer is yep, sure am.
Finally the Grinch that stole Christmas is suing his former company AIG for imploding from the subprime Continue reading “Anyone else notice…..”
As they say on the finance boards, his a$$hole is twitchin’. I won’t post the link, you’ll have to trust me on that.
Apologies in advance to anyone who’s sensibilities are offended by the salty talk.
ps. I miss CG