Latest Gen Re Headlines
All the headlines from our Gen Re Topic Page, ordered by recency.
Buffett’s Role Disputed As Former Execs Head To Trial
Jan 7 2008 // Billionaire investor Warren Buffett has long been revered in the business world, but his importance at a trial involving the world’s largest insurer is hotly contested. The trial starts today in federal court in...
Rating Roundup: General Re
Aug 8 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” of the General Re Group. The ratings apply to General Reinsurance...
FSA Fines GenRe UK $2.35 Million
Nov 23 2006 // The U.K.’s Financial Services Authority (FSA) has fined General Reinsurance UK Limited (GenRe UK) £1.225 million ($2.35 million) for arranging two improper reinsurance transactions. The FSA said that in doing so...
Berkshire Hathaway Says General Re Not Target of Investigation
Oct 19 2006 // General Reinsurance, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said it learned this week that the company is not a target of a federal investigation into the collapse of insurer Reciprocal of...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings...
Former General Re and AIG Execs Indicted for Alleged Reinsurance Fraud
Sep 21 2006 // Four former senior executives of Berkshire Hathaway’s General Re Corp. and a former senior executive of American International Group Inc. were indicted Wednesday on charges they participated in a scheme to manipulate...
Best Affirms Cologne Re, Subs ‘A++’ Ratings
Aug 17 2006 // A.M. Best has affirmed the financial strength rating (FSR) of “A++” (Superior) and the issuer credit rating (ICR) of “aa+” for Koelnische Rueckversicherungs-Gesellschaft AG (Cologne Re), the...
Best Affirms Gen Re’s ‘A++’ Ratings
Aug 17 2006 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A++” (Superior) and the issuer credit ratings (ICR) of “aa+” for the Delaware-based General Re Group. Best said the ratings apply...
News Currents
Mar 19 2006 // Berkshire’s Buffett still high on insurance despite catastrophe risk Gen Re misfortunes overcome by Geico’s stellar performance, Buffett says Warren E. Buffett, the billionaire chairman of giant Berkshire...
Former Gen Re, AIG execs plead not guilty to reinsurance fraud charges
Mar 6 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
Former Gen Re, AIG Execs Plead Not Guilty to Reinsurance Fraud Charges
Feb 17 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
SEC Files Enforcement Action Against 5 Former Senior Executives of Gen Re, AIG
Feb 2 2006 // The Securities and Exchange Commission on Thursday filed an enforcement action against five former senior executives of General Re Corporation (Gen Re) and American International Group Inc. (AIG) for helping AIG mislead...
Gen Re Ex-CEO May Face SEC Suit
Oct 7 2005 // Berkshire Hathaway Inc. announced on Friday that Ronald E. Ferguson, the former chief executive officer of General Re Corporation, received a “Wells notice” from the staff of the Securities and Exchange...
Gen Re CEO May Face SEC Fraud Suit
Sep 9 2005 // Berkshire Hathaway Inc. announced that the Securities and Exchange Commission may file a civil fraud complaint against the chief executive, Joseph Brandon, of its General Re Corp. unit over a questionable insurance...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
Fairfax Subsidiary Receives Subpoena in SEC Probe of GenRe
Jun 27 2005 // Canada’s Fairfax Financial Holdings Limited has announced that its subsidiary, Fairmont Specialty Group, has received a subpoena from the Securities and Exchange Commission requesting documents regarding “any...
Second General Re Executive Pleads Guilty in AIG Fraud Case
Jun 13 2005 // The Securities and Exchange Commission has charged a second senior executive of General Re Corporation, Richard Napier, for his role in aiding and abetting a securities fraud committed by American International Group,...
SEC Complaint Details General Re Exec Role in AIG Reinsurance Scheme
Jun 7 2005 // The former chief executive officer of Cologne Reinsurance Company in Dublin, a General Reinsurance subsidiary, has agreed to plead guilty to federal criminal charge of conspiring with others to misstate certain financial...
