(Bloomberg) — Hank Greenberg, who built American International Group Inc. into the world's largest insurer, said he's putting his money behind Jeb Bush in the Republican party's crowded nomination race.

"Does he have the flair others are looking for? No, but that's not what you judge a candidate on," Greenberg said in an interview. "You judge him on his competence, and he got the job done in Florida."

Greenberg, 90, said he and Bush had coffee on Thursday morning at the offices of CV Starr & Co., a New York-based group of insurance and financial-services companies where Greenberg is chairman and chief executive. Greenberg said he'd donate to Bush and Right to Rise USA, the super-PAC supporting Bush's campaign, but those details hadn't been finalized.

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