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As a former employee, I found this interesting:
AIG names new CEO, plans to spin off life and retirement unit
AIG names new CEO, plans to spin off life and retirement unit
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will be interesting, but probably realizing some of their aggressive pricing assumptions are not going to play out real well going forward in the current interest rate environment & have been & will be a drag on their overall bottom line. ironically, they seemed to have been the the one buying other carriers or blocks of policies over the yearsAs a former employee, I found this interesting:
AIG names new CEO, plans to spin off life and retirement unit
will be interesting, but probably realizing some of their aggressive pricing assumptions are not going to play out real well going forward in the current interest rate environment & have been & will be a drag on their overall bottom line. ironically, they seemed to have been the the one buying other carriers or blocks of policies over the years
Haha! This Woody Woodson:What? He died? Pretty sure he is traveling the country in full time ministry. Unless you are talking about a different woody woodson. Lol
They should rename it something catchy and fresh...like, SunAmerica.As a former employee, I found this interesting:
AIG names new CEO, plans to spin off life and retirement unit
What? He died? Pretty sure he is traveling the country in full time ministry. Unless you are talking about a different woody woodson. Lol
I predict we will see much more of this. Every life company is going to be in a very bad place and probably need a bailout to remain afloat with these interest rates, and that includes ALL of them and probably especially the mutual who have no way to raise capital.
The Fed's 'low rates forever' approach to "save the economy" will destroy large swaths of it and insurance companies are just one part.
especially the mutual who have no way to raise capital.