Austin Hawley, a Portfolio Manager at Diamond Hill, dives into the incredible story of AIG, exploring its near-collapse during the financial crisis and the $180 billion bailout that followed. He shares insights on how AIG, under new leadership, has transformed into a focused property and casualty insurer after divesting noncore businesses. The discussion covers AIG’s strategic shifts, including a conservative investment approach and the lessons learned from its revival, highlighting the importance of effective risk management and strong leadership in overcoming adversity.
