dasan888.blogspot.com - 7/1/2009
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Madoff wasn’t a psychopath: he was rational. He lived an incredible life, set up his kids for life and downside was jail time for last 20 years of his life. He flipped the “inverse pyramid” most people endure, which is finally having money but being too old to enjoy it. He was very ...
AIG is Dead; Long Live AIG!
alephblog.com 8/28/2009 — When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy, possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of AIG, and has been sold off. Benmosche’s skills extend to ...
AIG: Spiraling Downward and Awarding Bonuses on the Way
blog.ockhamresearch.com 7/10/2009 — The recent history of American International Group ( AIG ) reads like a continuous train wreck complete with horrendous risk management, obscene losses, enormous government bailouts, and of course repugnant taxpayer funded bonuses. The culmination of these misdeeds has made AIG the poster ...
AIG: Blame the negative publicity…
footnoted.org 5/8/2009 — Journalists really can’t catch a break. The daily tales of more layoffs , unpaid furloughs and magazine closings (including Portfolio, which ran a monthly footnoted column). But now there’s this: those darn journalists are responsible ...
How AIG FP brought down the world
blogs.reuters.com 7/3/2009 — He tells the story of Gene Park, who examined FP's business at the end of 2005 and found that it was insuring deals which were 95% subprime: Park then conducted a little survey, asking the people around AIG FP most directly involved in insuring them ...
To What Degree Were AIG’s Operating Insurance Subsidiaries Sound? (1)
alephblog.com 4/29/2009 — Hey, friends. My piece on AIG is done, and I will be posting over the next few days, and resume a more normal posting schedule. Here it is:
Summary
Aside from the mortgage insurers, the P&C subsidiaries were basically sound, though with some issues such as capital stacking, affiliated ...
A brand name that pays back...?
angrybear.blogspot.com 4/22/2009 — rdan 24/7 Wallstreet suggests AIG might pay back much of the money lent to it by Uncle Sam. Is this notion really in the cards for the taxpayer?? AIG (AIG) may be the only large company in America that both the management and federal government want torn apart. If AIG succeeds in selling most ...
What to ask AIG
alephblog.com 5/12/2009 — The Committee on Oversight and Government Reform has asked Ed Liddy and the AIG trustees to testify Wednesday. Here are the questions that I would ask, given my recent piece on AIG .
Are you going to be able to use all of your deferred tax assets? What level of sustained profitability ...
AIG plans to spin off Asian life insurance unit
(AP)
news.yahoo.com 5/19/2009 — AP - Insurer American International Group Inc. said late Sunday it plans to spin off its Asian life insurance unit in an initial public offering to help repay billions of dollars in U.S. government loans.
To What Degree Were AIG’s Operating Insurance Subsidiaries Sound? (5)
alephblog.com 4/29/2009 — Reinsurance
Before I start this section, a small word of warning. I am a life actuary, not a P&C actuary, so I may not get all of the nuances on reserve credits for P&C companies. I have worked on life reinsurance issues at all of the life companies that I have worked with, or ...
To What Degree Were AIG’s Operating Insurance Subsidiaries Sound? (3)
alephblog.com 4/29/2009 — Capital Stacking, Cross-guarantees, and Surplus Notes
After the difficulties with securities lending, the next issue reminded me a lot of the first company I worked for: Southmark. A two-time loser in chapter 11, in their second trip of insolvency, they interlaced the capital of their ...
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