You can say that insurance runs in the blood of Evan
Greenberg. He father was the former Chairman of the American International
Group (AIG). Greenberg worked for 25
years under his father. Given his father’s insurance knowledge he must have
learned a lot.
In those 25 years he has held a number of senior management
positions at AIG. Among them were as CEO of AIG Far East and President and CEO
of AIU (the foreign General Insurance of AIG).
From 1997 to 2000 he was already the President and COO of AIG. It was widely thought that he would become
the next CEO; for whatever reason Greenberg left AIG in 2000.
In 2001 he became the Vice Chairman of ACE Limited. This was
just up his alley since ACE Limited is also in the insurance business. The ACE group is a multiline property and
casualty insurer and one of the largest in the world. The group offers products
such as property insurance, personal accident, and life insurance. This insurance company is based in
Switzerland.
In 2004
he was elected as President and CEO of ACE Limited and in 2007 the title of
Chairman of the Board was added. This shows Greenberg has been doing very well
in leading the company. He still currently holds these positions.
In 2008 at the height of the financial crisis he was one of
the executives who refused
federal funding saying his company and the property insurance industry was able
to take care of itself. This was not the case of AIG, the company he bolted
many years ago.
Greenberg really knows the insurance industry.
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