Steve Forbes Interviews Former AIG CEO Hank Greenberg
Berkshire Hathaway, Fairfax Financial and Markel Corp are insurance companies that are run by value investors.
What is the reason that value investors are drawn to the insurance industry? In a word: Float!
AIG (AIG) is one of the largest insurance companies in the world and while not run in the manner of Berkshire and Fairfax, it is a company widely held by value investors today. The most noteworthy of thrdr is Bruce Berkowitz at the Fairholme Fund which has over 40% of its assets in AIG.
In the video below, Steve Forbes interviews former AIG chief Maurice R. Greenberg about building the largest insurer in the history of mankind, and delves into his early work with political leaders around the world.