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Living Legends: Video Interview with Hank Greenberg (Part 5)

Greenberg discusses his $25 billion lawsuit against the U.S. government re: its bailout of AIG; he also recounts the risk-control measures AIG had in place during his tenure as CEO.

By Bryant Rousseau | Updated on June 22, 2012

Of all the storied figures in the history of insurance, none can quite match the legendary status of Maurice “Hank” Greenberg, who reigned for almost 40 years as CEO of AIG–which grew, under his leadership, from a small player to became the largest insurer ever.

Greenberg’s triumphs were enormous. Just one mind-boggling stat of many: AIG’s market value increased 700-fold on his 37-year watch. His fall, following an investigation in 2005 into a “phantom” reinsurance deal worth $500 million, was equally epic as his board of directors asked him to step down.

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