Maurice "Hank" Greenberg (C.V.) Starr(ing) ing Raiders of the AIG, Special Guest Appearance Ironshore

AIG has recieved the largest bailout in the history of the entire Universe, and it threatens with each passing day to get bigger as the company is TOO BIG TO FAIL...let us just assume, that a certain someone(s) as in Geithner and perhaps Paulsen (both Wall Street insiders) decided it was too big to fail, but PERFECT TO STEAL? Raiders of the AIG, as Uncle Sam dumped billionos of dollars into the company that was funneled out the back door to various and assorted banks, while soon to depart key employees started stealing the companies most important assets (the client lists and contract terms) with the blessing of the United States Treasury, even promised LARGE GOING AWAY GIFTS in the form of million dollar going away gifts...this would be a great movie.

Maurice "Hank" Greenberg ran AIG for some 40 years, but now runs an interesting company called C.V.Starr. One can assume that in some fashion, C.V Starr is in some fashion one in the same with Starr International Company Inc. It would be nice to fully qualify this assumption since Starr International Company Inc. would seem to be the largest holder of AIG shares other than the United States taxpayer. This would make since as Maurice "HANK" Greenberg himself was a major holder in AIG as the company's CEO.

Nov. 4, 2002--Congressman Michael Oxley (R-OH), chairman of the influential House Financial Services committee and co-sponsor of the recently-enacted Sarbanes-Oxley Act, and American International Group (AIG) CEO Maurice Greenberg will be among the featured speakers at the 13th Annual Executive Conference for the Property/Casualty Industry.

While you ponder "HANK'S" various and assorted new ventures (this gets complicated), lets briefly take a little detour so we can connect another circle. There is another company in the same area of expertise as AIG and Star known as Ironshore which was started by Robert Clements, John Clements and other members of the Dark Force as yet to be named.

John Clements was with Bankers Trust Co. N.A. (now Deutsche Bank AG THE SAME DEUTSCHE BANK THAT GOT $12 BILLION of our tax dollars from AIG.) where he held various positions from 1987 to 1995, most recently as Vice President of BT Securities Corp. Here is a run down of the board for Ironshore prior to their NEW VENTURE with Starr.

Board Members:
• Jonathan Bilzin Soros Private
Equity,Goldman, Sachs & Co

• Edward Vermont Blanchard, Jr. Merrill
Lynch & Co. Inc

• Scott L. Bok Morgan Stanley & Co

•
John Clements Bankers Trust Co. N.A. (now Deutsche Bank AG)

• Robert
Clements

• Robert V. Deutsch CNA Financial Corp., Swiss Re, Ernst &
Young

• James Halow Salomon Smith Barney’s Technology Investment Banking
Group

• Kevin H. Kelley Lexington Insurance Company, a Division of AIG

• Russell John retired as the President and Chief Executive Officer of
Swiss Re Underwriters Agency on December 31, 2006.

• Jonathan H. Kagan
Corporate Partners

• David E. King Mr. King sits on the Board of
Directors of a number of privately held companies, including Cavalry
Investments, LLC, GlobalVantEdge, Inc., Churchill Financial Holdings, LLC, and
Caribbean Financial Group. In addition, Mr. King serves on the advisory board of
Falconhead Capital, LLC, a private equity fund focused on leisure and lifestyle
investments.

• Joshua H. Neuman Worked at Donaldson, Lufkin &
Jenrette in the Real Estate Merchant Banking and Leveraged Finance groups.

• Ronald A. Sandler Was with the Boston Consulting Group, Booz Allen
& Hamilton, and as Chief Executive of Martin Bierbaum Group and Exco. He was
Chief Executive Officer of Lloyd’s of London from 1995 until 1999, playing a key
role in Lloyd’s Reconstruction and Renewal, and subsequently Chief Operating
Officer of NatWest Group.

• Mark Williamson Managing Partner of Calera
Capital (formerly Fremont Partners) and a member of the General Partner. Prior
to joining Calera Capital in 1996, Mr. Williamson was a Managing Director at the
Harvard Private Capital Group, Inc.

• Paul J. Zepf Principal of
Corporate Partners.

One thing that quickly strikes the casual observer, is how interwoven everyone is, and how a lot of this company's services seem to MIMIC those of AIG if you look at their Marine Division.

Ironshore Marine Reinsurance
Ironshore's Marine Re will consider all marine reinsurance classes and
specializes in the following:

• Hull and Machinery
• All associated Hull Liabilities
• Cargo
• Cargo Transit Storage Risks
• Inland Marine
• Marine Property

We hold international licenses and have the ability to underwrite risks from around the world through our Pembroke Syndicate 4000 operations. An established marine reinsurance market, Marine Re offers greater flexibility, enhanced security and comfort to our customers. We dedicate ourselves to adding value to sound portfolios and offer a view from experience as we assist management and underwriters through the provision of quota share risk carrying capacity.

Now imagine the two above companies JOINING FORCES, and all in the past few months. You know, during say the time that the Treasury Department was bailing out AIG to the tune of around $180 BILLION DOLLARS. About the same time that some key AIG executives were offered some LUCRATIVE BONUS MONEY to hang around for awhile to help get AIG through the rough waters....now wouldn't it seem just a little suspicious if eight TOP AIG executives with some MAJOR ability to take clients with them left AIG shortly after getting their bonus money, and ended up in a NEW COMPANY formed by the man who was CEO of AIG for over 40 years?

HAMILTON, Bermuda, Jan 27, 2009 (A. M. Best via COMTEX) -- AIG Quote Chart News PowerRating -- Maurice "Hank" Greenberg's C.V. Starr & Co. Inc. has entered into a joint venture with Ironshore Inc., the Bermuda-based insurer that has hired away eight top-level American International Group Inc. executives since December.

Now I am sure I am not near as smart as say Mr. Greenburg, but if I were say Congress and was looking to identify some of the former AIG TOP SHELF executives that bolted with those millions of dollars in tax payer bonus checks, thinking I would do a Google search that might turn up the names of Geoff Smith, Shaun Kelly, Kevin Kelley which would return a search that would look something like this:

Reactions - AIG defections will boost Ironshore's US casualt...
Yesterday (December 9), Kevin Kelley, CEO of Lexington Insurance, ... On the same day, Shaun Kelly resigned from his position as president and chief operating ... to be appointed chief executive officer of US operations at Ironshore. ...
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AIG executive Kelley named Ironshore CEO - InvestmentNews
Ironshore also announced that it has hired Shaun Kelly, Lexington's former ... and chief operating officer, to serve as CEO of Ironshore's U.S. operations. ...
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Ironshore Creates U.S. P/C Operation Run By Former AIG Execs
Jan 22, 2009 ... England was most recently president of AIG Landmark, ... Texas. he will report to Shaun Kelly, CEO of Ironshore's U.S Operations. ...
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Former AIG CEO Greenberg, Ironshore in Joint Exces...
He has been critical of AIG management since he left the firm in 2005 and, most recently, ... Shaun Kelly, had been appointed CEO of U.S. Operations. ... formerly with AIG, have joined as CEO and president, respectively, of Ironshore's ...
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Insurance & Finance: Former AIG Execs Creates U.S. P/C Opera...
England was most recently president of AIG Landmark, where he managed the start ... Texas. he will report to Shaun Kelly, CEO of Ironshore's U.S Operations. ...
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Risk & Insurance Online - Story
9, Ironshore announced that Kevin Kelley, the longtime CEO of AIG's Lexington Insurance Co., the largest excess-surplus carrier, would become Ironshore's CEO. ... Shaun Kelly, the former president and chief operating officer of Lexington under Kelley, also joined Ironshore. He was named the CEO of U.S. operations. ...
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Lexington regroups as execs jump ship Business Insurance N...
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Mr England will report to Shaun Kelly, CEO of Ironshore's US operations. Jordan Gantz and Jim Dowdy, both former vice presidents at AIG Landmark are to also ...
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Now if I were a suspicious man, I might start thinking this was a systematic inside job, the ultimate fleecing of shareholders, Wall Street and the American Tax Payer. Searching more deeply, I would find more defections, would want to see if these names match up to those walking away WITH THE LARGEST BONUS MONEY...people like AIG senior reinsurance executive Charles Dangelo who has left AIG to join a company run by its former CEO Maurice "Hank" Greenberg. HMMM....a trend?

Robert Discolo, CFA Managing Director, Head of Hedge Funds Strategies Group AIG Investments, New York Mr. Discolo joined AIG Investments in 1999 and is a Managing Director, Alternative Investments and is the Head of the Hedge Fund Strategies Group. Mr. Discolo, who is also a member of AIG's Hedge Fund Investment and Strategy Allocation Committees, has over 20 years experience with major financial institutions in various capacities relating to investment products, primarily hedge and private equity funds. Previously, he held positions at PaineWebber Inc., Bank Julius Baer, and Merrill Lynch & Co, where his responsibilities included creating portfolios of hedge funds for private and institutional clients, development of hedge fund and private equity products, oversight of business structure and development for hedge funds and hedge fund of funds, and managing the evaluation and selection process of hedge funds for both discretionary and advisory clients. Mr. Discolo also was President of the European Warrant Fund (a NYSE listed closed-end fund) and Julius Baer International Equity Fund. Mr. Discolo received a BS in accounting from St. John's University and an MBA from the Lubin School of Business at Pace University. He holds Series 7 and Series 24 licenses and he is a CFA and CAIA charterholder. Mr. Discolo is also a CPA and a member of the AICPA, CFA Institute, CAIA Association, GARP, and NY State Society of Security Analysts. Now imagine a company basically sucking itself dry to the core while getting $180 Billion in tax payer dollars! Imaginesaid company (AIG) giving the majority of that money TO ITS BEST CLIENTS and top employees as they walked out the front door with all of AIG's KEY CLIENT LISTS on say a CD ROM, clients they already had personal relationships with! I know, I have a very VIVID imagination, am letting my temper GET THE BETTER OF ME. I'm just stupid and paranoid, there is no way that a bunch of people that created the worst financial mess in American History, almost crashed the stock market would be so devious as to simply open up business in a new shop now would they? They would not start getting themselves in trouble ALMOST IMMEDIATELY now would they? Ironshore's subsidiaries' ratings put under review Posted On: Feb. 03, 2009 9:54 AM CST Jeff Casale OLDWICK, N.J.—A.M. Best Co. placed Ironshore Inc.'s financial strength rating of A- on its operating subsidiaries under review with negative implications Tuesday. In a statement, Best said that the Bermuda-based insurer's "material deviation" from its original business plan is giving the Oldwick, N.J.-based ratings agency cause for concern. Best analysts said they believe the change in Ironshore's business plan will "ultimately enhance" the franchise, but current market conditions will make it difficult for the insurer to execute key elements of the plan. Best added that the negative implications for Ironshore imply that the current ratings could be affirmed, but should the insurer's revised business and capital plans fail, a rating downgrade could occur. Late last month, Ironshore partnered with C.V. Starr & Co. Inc. to form Iron-Starr Excess Agency Ltd., a specialty lines insurance and reinsurance managing general agency. The hour grows late, and I need to do some more research before I write this story, but here are a few LINKS to browse...the one about the AIG Exective getting popped at the Airport in Bermuda is hysterical...nice to know our bonus money went to buy some really AWESOME WEED. Think about it...the company TOO BIG TO FAIL is not to big to be dismantled right under the nose of Barack Obama, Secretary Geithner, the FED, SEC and the FBI and Secret Service, perhaps with their blessing. Meanwhile, we are already being told that AIG is going to need more bailout money....hey "HANK" how much of AIG's stock do you own? What are you planning on paying for the 80 percent held by Geithner? Have you promised him a job? http://www.theroyalgazette.com/siftology.royalgazette/index.jsp?sectionId=55 Insurance executive fined $1,500 for importing cannabis A new executive recruited by a Bermuda insurer was arrested at the airport after getting caught smuggling cannabis into the Island in his pants. American Geoff Smith, appointed by Ironshore Inc. last week, had the drugs in four home-made cigarettes when he was searched by Customs officials on Tuesday evening. At Magistrates' Court yesterday, Smith admitted importing cannabis and was fined $1,500 by Senior Magistrate Archibald Warner. 2009-01-23 13:21:31 GMT Ironshore and CV Starr set up new Bermuda unit Bermuda-based insurer Ironshore has formed a joint venture with Maurice (Hank) Greenberg's CV Starr & Co., Inc. to create Iron-Starr Excess Agency Ltd. Iron-Starr Excess will act as a specialty lines insurance and reinsurance managing general agency, domiciled in Bermuda. Iron-Starr Excess will write catastrophic excess casualty insurance products, targeting Fortune 2000 and other clients purchasing cat excess coverages. Policy limits up to $75 million will be issued. 2009-01-27 13:01:50 GMT Ironshore recruits two more executives from ailing AIG Bermuda-based insurer Ironshore has recruited two more mangers from American International Group (AIG) to head its new environmental insurance unit. The company announced yesterday that Joe Boren and John O'Brien have both joined from AIG Environmental. Mr. Boren will become chief executive officer of Ironshore's newly established facility, while Mr. O'Brien will be president. Last month, Ironshore pulled off a double coup by hiring two top executives from Lexington Insurance, a part of the AIG group. 2009-01-07 13:35:27 GMT Ironshore hires Piller Bermuda-based insurer Ironshore yesterday announced that Bob Piller has joined as president of IronSelect, a newly created excess casualty facility. IronSelect will write excess umbrella casualty for mid-sized commercial risks such as manufacturing accounts, retail and wholesale operations, and contractors. Mr. Piller will report to Greg Flood, CEO of Ironshore Holdings (US) Inc., and will be responsible for building and expanding the IronSelect platform and product suite. 2008-07-08 12:15:54 GMT AIG renames Starr American International Group has renamed its subsidiary Starr Excess — which has between 500 and 600 clients in Bermuda — as AIG Cat Excess Liability. The unit, a property and casualty subsidiary of AIG, “will provide the same catastrophic excess liability products, services and solutions the Starr Excess group provided to the world’s largest clients,” according to a statement by AIG. In addition, AIG Cat Excess Liability will have the capability to offer policies on an admitted basis. 2007-05-02 12:18:24 GMT Ironshore expands into specialty construction with Boston unit Bermuda-based Ironshore has entered the specialty construction sector with the launch of its IronBuilt division. The new division, which is under the direction of industry veteran and company president Joe George, is based near Boston and offers construction risks protection with an emphasis on residential wrap-up liability insurance and liability insurance for sub-contractors involved in residential construction. "We are excited to have Joe George join Ironshore," said Bob Deutsch, CEO of Ironshore. 2007-10-23 12:08:15 GMT Ironshore recuits three more from AIG Bermuda-based insurer Ironshore has raided American International Group to sign up three more recruits to its growing business. Former AIG Landmark president Steven England will be the executive vice-president responsible for running Ironshore's new US property and casualty underwriting operations based in St. Louis, Missouri. The new unit, Ironshore National Branch, will act as an US underwriting office for certain of Ironshore's property and casualty operations. 2009-01-23 13:51:48 GMT Ironshore names ex-Lexington boss Kelley as new CEO Bermuda-based insurer Ironshore has lured a long-serving American International Group executive to be its new chief executive officer. Kevin Kelley has left the role of CEO at Lexington Insurance Company, to take over as CEO of Ironshore. Mr. Kelley will work closely with Bob Deutsch, who has shifted roles from CEO to president. Mr. Deutsch, who has been CEO of Ironshore since it set up on the Island in early 2007, with around $1 billion in capital, 2008-12-10 13:05:38 GMT Ironshore completes double coup of Lexington executives Ironshore has pulled off a double coup after it announced the appointment of Shaun Kelly as head of US operations late on Tuesday night. Mr. Kelly, who was chief operating officer at New York-based American International Group's (AIG) Lexington Co., joins his former company head Kevin Kelley, who was named CEO of Ironshore, as reported in The Royal Gazette yesterday. The move, which was confirmed by Ironshore president Robert Deutsch, 2008-12-11 13:38:26 GMT Published on 30 January 2009 CV Starr & Co subsidiary Starr Specialty Lines Insurance Agency has formed an alliance with Zurich Financial Services Group’s US subsidiary Zurich North America Commercial (ZNAC) to offer additional capacity on primary, buffer and excess of loss layers for North American commercial property risks. Published on 13 January 2009 American International Group (AIG) has taken another step in its asset disposal programme with an agreement to sell its Canadian life insurance unit to BMO Financial Group (BMO) for around $308mn. The deal will see BMO buy AIG Life Insurance Company of Canada for a cash sum of Can$375mn, subject to any change in net worth between 30 September last year and closing date, which is expected to be 1 June 2009. Published on 13 January 2009 The steady flow of senior executives out of American International Group (AIG) continued into the New Year as the heads of the beleaguered insurance giant’s environmental unit left to launch a new business at Bermudian Ironshore. The departures of AIG Environmental CEO Joe Boren and its president and COO John O’Brien are the latest in a succession of management-level exits from the insurer since its initial US government bailout last September. Published on 27 January 2009 Former American International Group (AIG) executive Christian Milton was handed down a four-year custodial sentence and given a $200,000 fine for his role in the $500mn finite reinsurance fraud involving AIG and Berkshire Hathaway owned reinsurer General Re. Published on 22 January 2009 Ironshore Inc has continued its raid on American International Group (AIG) with the appointment of a trio of executives to man a newly created US property/casualty operation. Steven England, previously president of AIG Landmark, has been named as executive vice president of the Bermuda-headquartered insurer's new unit Ironshore National Branch (INB), a St Louis, Missouri-based US underwriting office. Ironshore, Inc. Appoints Mitch Blaser as Chief Executive Officer 03/6/2009 Ironshore, Inc. announced that Mitch Blaser has been named chief executive officer. In addition to being the CEO of Ironshore Bermuda, Blaser will continue to serve in his capacity as chief operating officer and chief financial officer of Ironshore's global operations. Blaser has been with Ironshore since the company's launch in January 2007. He helped to found the company along with industry leaders Bob and John Clements in late 2006. Before coming to Ironshore, Blaser was the CFO for Swiss Re's Americas Division from 2001 through 2005 and also served as a director of Swiss Re America. C.V. Starr & Co. Announces Joint Venture with Ironshore, Inc 01/26/2009 C.V. Starr & Co. Inc. has launched Iron-Starr Excess Agency Limited ('Iron-Starr Excess'), a joint venture with Ironshore Inc. Iron-Starr Excess will act as a specialty lines insurance and reinsurance managing general agency, domiciled in Bermuda. Initially, Iron-Starr Excess will focus on the production of excess financial and commercial lines insurance and reinsurance products through U.S. insurers, Bermuda or other offshore carriers, including catastrophic excess casualty insurance for Fortune 2000 and other clients. It will issue policy limits up to $75 million. Ironshore Inc. Announces Executives Appointments 01/22/2009 Ironshore Inc. announced the appointment of three more executives from American International Group Inc. to its management team. Steven England, who was president of AIG Landmark, was named executive vice president responsible for running Ironshore National Branch, its new U.S. property/casualty underwriting operation based in St. Louis. Jordan Gantz and Jim Dowdy, both senior vice presidents at AIG Landmark, will join England at Ironshore National Branch. Ironshore has now hired eight senior AIG executives since December. Last week, Geoff Smith, president of AIG Cat Excess Liability, was named worldwide head of the specialty insurer's newly launched excess liability facility.