A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.
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This quote is just one of 8 total Rob Haines quotes in our collection. Rob Haines is known for saying 'A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.' as well as some of the following quotes.
Most life insurance companies lack the critical mass to survive long term. The sector is highly fragmented and rife with overcapacity. We do not see how most of the smaller players can effectively compete and remain profitable in this environment.
This has got to be a huge distraction, ... This is not what he wants to be focusing on in the twilight of his career. Like Sandy (Weill), he'll just become exhausted. It's inevitable.
The big question Allstate will need to answer in its conference call tomorrow is how much of the risk they'll retain and what will be the pricing trends.
This quote is just one of 8 total Rob Haines quotes in our collection. Rob Haines is known for saying 'A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.' as well as some of the following quotes.