Posts Tagged ‘Aviva’
Max-Hervé George might be the world’s richest man if Aviva acknowledges his existence
“Dear god almighty, you’ve got to read this,” writes Tim Worstall.
He links to a story on the FT about Max-Hervé George, 25, who has taken on insurance company Aviva France.
Dan McCrum says it is “the worst contract in the world”, a peculair thing first reported in the French magazine Challenges:
The company was L’Abeille Vie. In 1987 it began to offer a special deal to its richer clients, a Fixed Price Arbitrage Life Insurance Contract… prices for the funds were published each Friday, and clients were allowed to switch funds at those prices anytime before the next price was published, even if markets moved in the meantime.
As Kottke says, it’s “like Grays Sports Almanac from Back to the Future II, only for financial markets.
He’s rich. Very rich.
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