Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Greenberg’s Starr loses bid to challenge AIG bailout
- 26 March 2018
Maurice "Hank" Greenberg and his Starr International lost a challenge against the federal government's actions involving a massive bailout of AIG during the financial crisis, as the US Supreme Court refused to take up the matter.
Starr has argued that the government's sale of AIG equity during the financial crisis amounted to an illegal seizure of value from shareholders, which included the company. Greenberg, currently Starr's chairman and CEO, ran AIG for about four decades before he was ousted in...
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