Disgraced Eliot Spitzer may be considering running again for his old position of New York Attorney General, according to a media report.

The news, which may send shudders downs the spines of some Bermuda insurance industry bosses, surfaced on the Page Six gossip section of the New York Post tabloid.

Mr. Spitzer resigned as Governor in March last year after being exposed as "Client No. 9" in a prostitution probe, caused huge upheavals in many insurance companies and brokerages during his in-depth probe of industry practices.

The Post report by Richard Johnson quoted Spitzer as telling friends: "My record as governor was disappointing, but the voters will remember my excellent two terms as attorney general."

Mr. Johnson goes on to write that Mr. Spitzer expects the job to be open in 2010 because he believes that the current AG, Andrew Cuomo, will run against current Governor David Paterson, the man who replaced Mr. Spitzer when he resigned.

Mr. Spitzer has begun to re-emerge in public life in recent months, through writing an online column and appearing on radio and television shows.

In one television interview this week, he did not rule out running for his old AG job again, although he did add that it was unlikely.

Mr. Spitzer became known as "The Sheriff of Wall Street" during his time as AG, when he took aim at questionable practices in financial institutions.

In the insurance industry, Mr. Spitzer took a particular interest in "finite insurance" deals and "bid rigging".

Jeffrey Greenberg, who stepped down as CEO of Marsh & McLennan after Mr. Spitzer refused to negotiate with him, was one of the highest profile executive casualties.

In Bermuda, Jim Stanard parted company with RenaissanceRe after a finite insurance deal probe, as did Bob Cooney, of Max Re.