Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Greenberg: A 12-year fight

Dan Ascher and Ted Bunker 14 February 2017

Friday night (10 February) brought a spectacular end to probably the most important insurance dispute of a generation as New York's Attorney General (AG) announced that former AIG boss Maurice "Hank" Greenberg had admitted to involvement in two fraudulent transactions during his decades-long tenure.

After a prosecution that had lasted almost 12 years, the statement from Eric Schneiderman initially appeared to end the war of words between his office and Greenberg. But it immediately prompted the 91-year-old insurance veteran to...

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This article was published as part of issue February 2017/2

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