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Friday, Sep 20
More from Benmosche - not threatened by Buffett
- "We have a track record. We're there in good times and bad," says Bob Benmosche on Berkshire Hathaway's (BRK.A, BRK.B) push into AIG's commercial insurance turf. Corporate buyers appreciate AIG's decade-long history in the business, says Benmosche. It's not something the house of Buffett can match.
- Berkshire has hired nearly 20 top people from AIG this year, and Warren Buffett has big plans for the unit, expecting the business to reach "into the billions." Last week, the WSJ reported on a tenuous truce between the companies as Berkshire agreed not hire any more from AIG for a little while, and AIG has backed off plans to sue.
- Earlier: Benmosche on the NY regulator.