Latest Gen Re Headlines

All the headlines from our Gen Re Topic Page, ordered by recency.

Best Affirms General Reinsurance Corp’s ‘A++’ Ratings; Outlook Stable

Jun 18 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation and its core property/casualty and life...

Ex-General Re, AIG Execs May Settle Criminal Case

May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...

Reinsurance Fraud Case Against AIG Ex-CEO Greenberg Going to Trial

May 9 2012 // A New York appeals court on Tuesday gave former American International Group Inc. Chief Executive Maurice “Hank” Greenberg a partial victory in the state’s fraud lawsuit against him over two suspect...

Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders

Mar 5 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...

Insurance Highlights from Buffett’s 2011 Letter to Berkshire Shareholders

Feb 27 2012 // Warren E. Buffett thinks that among large insurance operations, those owned by his Berkshire Hathaway are the “best in the world.” Buffett is chairman of the board of Berkshire Hathaway, which owns Berkshire...

General Re Reported Interested in So. Korea’s Tong Yang Life

Dec 28 2011 // General Re, a unit of Warren Buffett’s Berkshire Hathaway Inc, is interested in buying South Korea’s Tong Yang Life Insurance to tap into the promising market, South Korean media reported on Wednesday. Tong...

General Re, AIG Executives’ Convictions Tossed; New Trial Ordered

Aug 2 2011 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. unit and one at American International Group Inc. won the reversal of their convictions over a reinsurance transaction that prosecutors said...

Ex-AIG CEO Greenberg: Judge in New York AG Case Biased

Mar 21 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...

Ex-AIG CEO Greenberg: Judge in New York AG Case Biased

Mar 10 2011 // Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is...

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

Nov 1 2010 // A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the...

Ex-AIG CEO Found Liable in 1 of 2 Reinsurance Transactions

Oct 25 2010 // A New York judge held former American International Group Inc. Chief Executive Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the...

Cologne Re (Germany) to Rebrand as General Re

Jun 10 2010 // The official name is Kölnische Rückversicherungs-Gesellschaft AG, known outside Germany as Cologne Re. It has been part of Berkshire Hathaway’s General Re since 2003, and has recently elected to change the...

Judge: Fraud Case Against Ex-AIG CEO Greenberg ‘Devastating’

Apr 21 2010 // New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10...

Greenberg Seeks Dismissal of New York AG’s Reinsurance Case

Apr 13 2010 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg has asked a judge to dismiss a civil fraud lawsuit brought by New York’s attorney general, who is seeking to hold him...

AIG’s Ex-CEO Greenberg to Testify on General Re Transaction This Week

Mar 8 2010 // Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., will testify Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett’s Berkshire...

Liberty Mutual Says It Was Victim of Fraud by General Re

Feb 16 2010 // Liberty Mutual Insurance Co. last Friday asked a federal judge to undo part of a recent settlement by a reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc. with federal investigators, saying it was a victim...

General Re Settles Fraud Charges Over AIG, Pru Financials

Jan 20 2010 // The Securities and Exchange Commission today charged General Re Corp. for its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported...

Former General Re Executive Napier Gets Probation in AIG Fraud

Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books. U.S. District Judge Christopher Droney...

Former General Re Executive Given Probation

Jun 18 2009 // A former business executive was sentenced Tuesday to two years of probation for his role in an accounting scandal that cost shareholders of insurer American International Group Inc. more than $500 million. John...

Former Gen Re Exec Gets 1-Year Sentence

May 1 2009 // A former executive at General Re Corp. has been sentenced to a year in prison for his role in a scheme to artificially inflate the stock price of American International Group. Robert D. Graham, 61, was sentenced yesterday...