Featured Article


GenRe and AIG At Center of Reinsurance Trial
Article Audio

4:33 minutes (2.19 MB)
Download this Article
Share this Content

For the last month, a Hartford courtroom has heard extraordinary testimony about supposed corruption in the insurance industry.

On trial are five former executives, four from Stamford based GeneralRe, and one from insurance giant AIG.

GenRe is owned by Berkshire Hathaway, the company headed by the man known as the “Oracle of Omaha”, legendary investor Warren Buffett.

The defendants are accused of conspiracy on a reinsurance deal that the government contends was nothing more than a sham intended to bolster AIG’s stock price.

The jury in the case is about to retire to consider its verdict.

During a break in proceedings, WNPR's Ray Hardman spoke with Doug McLeod, who’s been following the case for Business Insurance Magazine.

 


Additional Audio Resource
hj genre 0212 by WNPR hjones

1:17 minutes (0.62 MB)
Download this Audio Resource