In the early aughts, as I think I’ve blogged before, I always heard that “only Hank could run AIG.” Hank Greenberg, that is.
Hank, of course, got forced out in 2005. Since then the company has melted down completely and damn near took the rest of the world’s economy with it. Fitch this week nudged the rating of its P/C operation, Chartis, up to stable from evolving.
Also Steve Miller becomes AIG’s sixth chairman since 2005. Business Insurance has the timeline.