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Risk Taking

AIG's Top Risk Officers Remain

Little turnover on insurer’s oversight committee.

Don’t let the pyre from the AIG witch hunt die down just yet. Inside AIG, the Credit Risk Committee oversaw the company’s riskiest bets, including its gambling on credit default swaps. Now, after $173 billion in taxpayer bailouts, the committee remains largely unchanged, according to The Wall Street Journal. “At least five of the 10 committee members have served for years, according to internal company documents. Some served as far back as 2003 and 2004, the documents show”—including the company’s chief risk officer since 2004, Robert Lewis.

Read it at The Wall Street Journal

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