Industry leaders have a lot to say. From American InternationalGroup President and CEO Robert Benmosche discussing what taxpayerscan expect as repayment for government assistance, to Mississippi'sinsurance commissioner touting the state insurance department'sraking among its peers in a 50-state study, PC360 brings ourreaders the top quotes from major industry players for the week ofMarch 26.

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American International Group President andChief Executive Officer Robert Benmosche commenting to CNBC “MadMoney” host Jim Cramer about the ultimate repayment for the federal assistance the companyreceived:

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“The American people—between the Fed and U.S. Treasury—they'llmake between $5- and $10 billion profit when this is done.”

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Lloyd's Chief Executive Richard Wardcommenting on the tough 2011 that saw Lloyd's report a loss of over $800 million for the year,compared to profit of about $3.5 billion in 2010:

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“Make no mistake, 2011 was a difficult year for the insuranceindustry. Given the scale of the claims, a loss is unsurprising butit reflects what we're here to do—help communities and businessesrebuild after a disaster.

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“It is also reassuring that, despite this loss, our financialstrength has been maintained. It's testament to Lloyd's robustoversight and professionalism in the market today.”

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Liberty Mutual Insurance Group President andChief Executive Officer David H. Long commenting on Liberty Mutualentering the Russian insurance market through the acquisitionof Russian insurance company KIT Finance Insurance from KIT FinanceHolding Co.:

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“We believe KIT Finance Insurance provides an attractiveplatform from which to invest in the rapidly growing Russiannon-life insurance market. It's a dynamic company with a drivenmanagement team as indicated by annual growth of twenty-sevenpercent.”

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Mississippi Commissioner of Insurance MikeChaney commenting on the Mississippi insurance department scoring the highest grade, 91 percent, in a 50-state review,conducted by the State Integrity Investigation, that evaluatedtransparency, accountability and ethics enforcement:

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“I am proud and honored that this report recognizes theoutstanding effort the department makes in enforcing the laws andregulations in the state while providing our citizens with themaximum amount of consumer protection.”

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Swiss Re Senior Vice President Richard Pennaycommenting on Swiss Re Capital Markets placing a $200 million insurance-linked security with thecapital markets that covers the reinsurance exposures of twocarriers–COUNTRY Mutual Insurance Company of Bloomington, Ill., andNorth Carolina Farm Bureau Mutual Insurance Company, Inc., ofRaleigh, N.C.–against damage from severe weather includingthunderstorms, hurricanes, earthquakes and winter storms in theUnited States:

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“Because the two companies are geographically diverse, byaggregating their risk we were able to come up with three classesof notes, all offering different risk and return profits. By doingthat, we were able to attract a broader investor base.

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“It's a big step forward in providing smaller insurancecompanies throughout the U.S. access to catastrophe bonds.”

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New York Insurance Association President EllenMelchionni commenting on the New York State passing three bills aimed at stemming staged accidents andno-fault fraud in the state:

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“In our opinion, these 3 bills really go after the individualsthat are really, truly intending to commit fraud. It's low-hangingfruit if [legislators] are intending to fight [this].”

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