of Bermuda plays any role in what's going on ...
"Ace Ltd., the property and casualty insurer recently implicated in a probe of insurance industry practices, on Wednesday said it received 43 subpoenas and legal inquiries regarding its involvement in bid rigging and price fixing.
The Bermuda-based company said in a filing with the Securities and Exchange Commission it received subpoenas and other inquiries from 9 state attorneys general and one from Washington, D.C. Further, insurance commissioners and other regulators from 10 states also launched some form of legal action." March 2005
http://www.the-catbird-seat.net/ACE.htmNo. 1 son Jeffrey stepped down as CEO of Marsh & McLennan. Spitzer charged the company's insurance-brokerage unit with bid-rigging and accepting kickbacks, among other allegations.
http://www.businessweek.com/magazine/content/05_02/b3915656.htmI salute Eliot Spitzer :applause: :yourock:
AIG's Board of Directors and some of their other connections
`````````````````````````````````````````````````````
M. BERNARD AIDINOFF
Director since 1984
Retired Partner, Sullivan & Cromwell
(Attorneys)
Age 75
Director, First SunAmerica Life Insurance
Company, a wholly-owned subsidiary of AIG
PEI-YUAN CHIA
Director since 1996
Retired Vice Chairman, Citicorp
and Citibank, N.A.
Age 65
Director, Baxter International Inc.
MARSHALL A. COHEN
Director since 1992
Counsel, Cassels Brock & Blackwell (Barristers and Solicitors); Former President and Chief Executive Officer, The Molson Companies Limited
Age 69
Director, Barrick Gold Corporation
Collins & Aikman Corporation
Lafarge North America Inc.
Metaldyne Corporation
Premcor Inc.
Toronto Dominion Bank
WILLIAM S. COHEN
Elected February 2, 2004
Chairman and Chief Executive Officer, The Cohen Group; Former United States Secretary of Defense; Former United States Senator
(The Cohen Group provides business consulting services and advice in international markets)
Age 63
Director, The Nasdaq Stock Market, Inc.
Viacom, Inc.
MARTIN S. FELDSTEIN
Director since 1987
Professor of Economics, Harvard University; President and Chief Executive Officer, National Bureau of Economic Research
(Nonprofit Economic Research Center)
Age 64
Director, Eli Lilly and Company HCA Inc.
ELLEN V. FUTTER
Director since 1999
President, American Museum of Natural History
Age 54
Director, Bristol-Myers Squibb Company
Consolidated Edison, Inc. (also serves
as Trustee of Consolidated Edison
Company of New York, Inc.) J.P.
Morgan Chase & Co.
MAURICE R. GREENBERG
Director since 1967
Chairman and Chief Executive Officer, AIG
Age 78
Director, Transatlantic Holdings, Inc.
(“Transatlantic”), which is owned 59
percent by AIG
Also serves as Chairman of Transatlantic, a director, President and Chief Executive Officer of C.V. Starr & Co., Inc. (“Starr”), and a director of Starr International Company, Inc. (“SICO”) and International Lease Finance Corporation (“ILFC”); Starr and SICO are private holding companies (see “Ownership of Certain Securities”); ILFC is a wholly-owned subsidiary of AIG
CARLA A. HILLS
Director since 1993
Chairman and Chief Executive Officer, Hills & Company; Former United States Trade Representative
(Hills & Company provides international investment, trade and risk advisory services)
Age 70
Director, Time Warner Inc. ChevronTexaco
Corporation Lucent Technologies Inc.
FRANK J. HOENEMEYER
Director since 1985
Financial Consultant;
Retired Vice Chairman,
Prudential Insurance Company of America
Age 84
Director, Carey Fiduciary Advisors, Inc.
Cincinnati, Inc.
RICHARD C. HOLBROOKE
Director since 2001
Vice Chairman, Perseus LLC; Former United States Ambassador to the United Nations; Former Vice Chairman, Credit Suisse First Boston
Age 62
Director, Human Genome Sciences, Inc.
Quebecor World Inc.
DONALD P. KANAK
Vice Chairman and Co-Chief Operating Officer, AIG
Age 51
Also serves as a director of Starr and SICO
HOWARD I. SMITH
Director since 1997
Vice Chairman, Chief Administrative Officer and Chief Financial Officer, AIG
Age 59
Director, Transatlantic
21st Century Insurance
Group (“21st Century”), which is owned
63 percent by AIG
Also serves as a director of Starr, SICO and ILFC
MARTIN J. SULLIVAN
Director since 2002
Vice Chairman and Co-Chief Operating Officer, AIG
Age 49
Also serves as a director of Starr and SICO
EDMUND S.W. TSE
Director since 1996
Senior Vice Chairman—Life Insurance, AIG
Age 66
Also serves as a director of Starr and SICO
FRANK G. ZARB
Director since 2001
Former Chairman, National Association of Securities Dealers, Inc. and The Nasdaq Stock Market, Inc.; Senior Advisor, Hellman & Friedman LLC (Private Equity Investment Firm)
Age 69
Director, FPL Group, Inc.
http://www.sec.gov/Archives/edgar/data/5272/000095011704001279/a37136.htm