Against Insurance Groups (AIG)
This is a bug in my bonnet, and I have written about this for at least 13 years, and maybe as long as 16 years, but insurance conglomerates don’t work well. After suggesting at least three times that American International Group Inc (NYSE:AIG) should break itself up, we are finally to the last stage of it doing so. Q2 2021 hedge fund letters, conferences and more There is a saying in the industry “Life Insurance is sold, P&C Insurance is bought.” They are different markets, and there is no reason for shareholders to own a company that does both. But some companies diversify. Who does that bene...