While declining to address any regulatory controversies in light of ongoing litigation, industry icon Maurice “Hank” Greenberg returned to the industry speaking circuit last week with a call for insurers to defend continued globalization not only for their own “selfish” reasons, but for the good of the country's economy.
“I am not going to talk about regulation…not yet. I will soon, and I can't wait,” Mr. Greenberg told nearly 400 members of the Association of Professional Insurance Women and the local chapter of the Chartered Property Casualty Underwriters Society, packed into a New York City ballroom.
The only other time he touched on his own situation was a self-deprecating remark after noting Chinese efforts to crack down on corruption holding back efficient economic growth. “The Chinese will make examples of some very high-profile people to get everyone else in line,” he added, before quipping: “Sound familiar?”
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