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Wednesday, October 10, 2012

BLOOMBERG: Buffett’s General Re Hires AIG’s Yu for Risk Management Post

General Re-New England Asset Management Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., hired Mark Yu of American International Group Inc. (AIG) to oversee enterprise risk for life insurers.
Yu will report to Jim Bachman, vice president of capital management, Farmington, Connecticut-based GR-NEAM said today in a statement distributed by Business Wire.

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Yasemin Kennedie said...

18.10.2012-Warren Buffet is 30000DaysOld.We always say "Time is Money". Happy 30.000th day Mr. Buffett!


Page 40 from
"Zamanya - Interview with time"
Roberto regarded the Money Project as a failure. The main idea was to develop a system where people who spent their own time for others received a token in exchange. However, Time employees didn't like the fact that some people earned loads of money without spending any time whereas others seemed to spend a lifetime and still ended up penniless. This scheme was managed badly. “And it is getting worse. We created a monster and it's now unfortunately out of control.”
"Money is another product from the Time Company?" I thought. How mind boggling!
“That's why we give time to our employees instead of money.”

porta said...

Not everything that means less money is always good in time of crisis. Everyone wants to cut theit budgets but investments that are made in a difficult time are always pay of.


Dennis The Menace said...

I have never been a big fan of insurance stocks although warren buffett has done well buying these type of stocks

Darren Rickard said...