That’s usually true for this company, due to their recent track record over the last 12+ years. But they changed management AGAIN, but an actuary is their head, so I’m less worried about their new ventures. If they pay significant attention to their ERM procedures, which probably should be reviewed often, they run less risk than the past crew of managers…. e.g. accumulation of CDOs.
Too big to fail…..
Live & Learn……
Diversification is probably a positive thing for AIG to do as they have shown a consistent inability to make money in the commercial P&C space.
Better keep AIG on a short leash. Their history does not give many a warm, fuzzy feeling.
That’s usually true for this company, due to their recent track record over the last 12+ years. But they changed management AGAIN, but an actuary is their head, so I’m less worried about their new ventures. If they pay significant attention to their ERM procedures, which probably should be reviewed often, they run less risk than the past crew of managers…. e.g. accumulation of CDOs.
My favorite on AIG was the famous bid rigging scandal with Marsh. They have been and will continue to be a thug company.