he will take over again september 4 bob benmosche. for bobptember benmosche. he established a derivatives group at j.p. morgan. internationalg's assets, return the company to profitability and repaid the government 182 million dollars bob motion. he stayed on longer than planned -- bob and moshe it. he stayed on longer than that plan after announcing in 2010 he was battling cancer. i spoke with bob for a few moments yesterday. i want to read one part of what he said. "it is simple. i said i would set a date to make the trip, but in order to make the organizational changes at aig it would be important to have a new ceo to run the company. the transition was taking too long." he pressed the board and said we need to make a decision. the actual person taken over is not a surprise. >> that is a great way to sum it up. peter hancock has been seen as the presumptive next ceo. the surprise was the timing. people thought that ben moshe -- bob and moshe it would be sticking around until next year. >> this brings up questions. j winthrop was seen as another successor. >>

toer hancock promoted replace rubber band goucher. -- bob benmosche.him last night. we will bring you thoughts on that change. two pa

i'll miss bob benmosche after the taxpayer bailout of over $180 billion. and he did preside over a turnaround period for the company, so an interesting guy to cover. >> yeah. defying the nay sayers, jason, to some extent. tim, just curious if you would put insurance companies in the same group as financials here when you talk about places to look right now for investment opportunity. >> i think what people like about insurance companies and why the cash flow is where they model out. metlife is a place we've been investing. aig is a company that comparing it to the former is impossible. this would be a $1,200 stock if we were talking about the former company. they have rewritten their business and given a clean slate i think at the expense of the american people but the insurance companies overall are, the premium that people have to pay in here, but the ability of people to see the balance sheets of these companies is very important and, therefore, they are making allocations there. >> all right. thanks, everybody. stick around to catch tim seymour coming