Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC

Posted by goodtimepolitics on March 24, 2009 · 2 Comments 

From 2001-2004, Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG – giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)

Chris Dodd has been one of the company’s favorite recipients of campaign contributions. Read More

Chris Dodd has to go!

LINKS:

POTUS and TOTUS meet the press: Defensive about AIG, blame-card on debt, blows off charities

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Comments
2 Responses to “Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC”
  1. boudicabpi says:
    March 25, 2009 at 7:28 AM

    No wonder Doddy got so much from AIG.

  2. goodtimepolitics says:
    March 25, 2009 at 2:48 PM

    Conflict of interest from what I see!

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