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Article: United states : Former chief of AIG works to build next insurance venture.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: manish03
Maurice 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 AIG after its near collapse, Greenberg has been quietly building up a family of insurance companies that could compete with AIG. To fill the ranks of his venture, C.V. Starr & Co., he has been hiring some he once employed.
Now, Greenberg may have received some unintended assistance from the U.S. Treasury. Just recently, the Treasury severely limited pay at AIG and other companies that were bailed out by ...