AIG, Chubb, Goldman Form $1.5B Carrier
American International Group, The Chubb Corp. and GS Capital Partners together have added $1.5 billion to a growing pot of capital rushing into the property-casualty insurance industry. But how long that capital will stay around is just one of the questions being asked about all the new ventures.
“I'm not one of the people that's going to give an optimistic view,” said Don Watson, director for Standard & Poor's Rating Services in New York.
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