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General Re Corp. is in the Financial Services Industry
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Kay Koplovitz Joins Advisory Board for Boardroom Consultants
NEW YORK -- Kay Koplovitz, Chairman and CEO of Koplovitz & Co. and respected pioneer in cable television networks and new media ventures, has joined the Boardroom Consultants Advisory Board. In this role, Ms. Koplovitz will bring a distinguished record of senior leadership across a variety of business...
Ariel Reinsurance Company Ltd. Announces Executive Appointments
HAMILTON, Bermuda -- Ariel Reinsurance Company Ltd. Ariel Re is pleased to announce the following executive appointments: George Rivaz has been appointed Chairman of Ariel Re1. Mr. Rivaz will continue in his current Ariel Group roles as Chairman of Atrium Underwriting and President of Ariel Holdings Limited. ...
US regulators consider charging Greenberg
Maurice "Hank" Greenberg, the former chief executive of American International Group, could face civil charges for his alleged role in overstating the insurance giant's financial strength. Mr Greenberg was sent a "Wells notice" by the US Securities and Exchange Commission last week in connection with reinsurance transactions...
Jeremy Starr named Vice President, Client Solutions at General Re LifeHealth
STAMFORD, Conn. -- Gen Re LifeHealth, the North American life and health reinsurance company of Gen Re, has named Jeremy Starr as its Vice President, Client Solutions. The Client Solutions role is new to Gen Re LifeHealth and was created to help clients with risks that are not...
No more rigged elections
Thanks to some good reporting by the Deseret News, we now know about the people who are giving money to our governor and our attorney general's re-election campaign. The Deseret News has one more thing to report on. The day after the general election last November, I...
General Re Appoints John Cholnoky President of General Reinsurance Corporation
STAMFORD, Conn. -- General Re Corporation announced today that I. John Cholnoky has been promoted to President of General Reinsurance Corporation and Manager of Gen Re's global direct Property and Casualty operations. Mr. Cholnoky's responsibilities will include General Re's direct treaty, both marketing and underwriting, facultative and claims divisions. ...
General Re Names Berto Sciolla Head of North America Treaty Operation; Tony Sammur to Head Gen Re Intermediaries
STAMFORD, Conn. -- General Re Corporation announced today that Berto Sciolla has been promoted to Executive Vice President of General Reinsurance Corporation and Manager of General Re's North America Treaty operation. Tad Montross, Chairman and CEO of Gen Re, commented, "Berto Sciolla, who has been with Gen Re for more...
Brandon resigns as General Re chairman
Business News IN BRIEF *Warren Buffett's Berkshire Hathaway said Joseph Brandon has decided to resign as chairman and chief executive of its General Re reinsurance unit, with immediate effect. His departure follows the fraud convictions in February of four former General Re executives and a former executive...
AIG pays up to PA
American International Group Inc. reached a $13.5 million settlement on March 13 with the Pennsylvania Insurance Department. The agreement ended an investigation into financial misreporting involving its alleged sham reinsurance deal with General Re Corp. The settlement also calls for AIG to provide annual reinsurance reports, maintain producer compensation disclosures...
A.M. Best Comments on Resignation of General Re Group's CEO
OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength FSR of A++ Superior and issuer credit ratings ICR of "aa+" of General Re Group Gen Re Delaware and its core property/casualty and life reinsurance and insurance subsidiaries are unchanged following the resignation of Chief Executive Officer CEO...
Berkshire Hathaway Inc. News Release
OMAHA, Neb. -- Joseph Brandon, Chairman and Chief Executive Officer of General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., has decided to resign effective today. Franklin "Tad" Montross, President of General Re Corporation, will replace Mr. Brandon as Chairman and Chief Executive Officer of General Re Corporation....
IMPORTANCE OF REPUTATION, THE
Reputation is a nebulous term. From a strict accounting standpoint, it is defined as the excess after the total value of tangible assets has been added together. Some call it "reputation equity." Put more simply, reputation is how a company is perceived by its stakeholders, including customers, partners, employees and...
Former Gen Re and AIG Executives Found Guilty on All Counts of Fraudulent Manipulation Scheme
To: NATIONAL EDITORS Contact: U.S. Department of Justice, +1-202-514-2007, TDD: +1-202-514-1888 WASHINGTON, Feb. 25 /PRNewswire-USNewswire/ - A federal jury hasfound four former General Re Corporation Gen Re Executives and oneformer American International Group Inc. AIG executive guilty,following a five-week long trial, the Justice Department announcedtoday. The Hartford, Conn. jury...
Stand by me
ALL EYES IN THE GENERAL RE CASE may be on the possibility of Warren Buffet testifying. But whether Elizabeth Monrad, the former CFO of the Berkshire Hathaway subsidiary, takes the witness stand is another issue entirely. [ILLUSTRATION OMITTED] The accounting-fraud case, which is currently being heard...
CEOs AND BROKERS TACKLE TOUGH ISSUES
Executive panels discuss catastrophic event response and innovation Insurance industry response to catastrophic events and creating a corporate culture for innovation were among the topics of discussion at last November's annual Executive Conference for the Property-Casualty Industry sponsored by The Conference Board. Held in New York City,...
Buffett snaps up 3 per cent stake in struggling reinsurance firm
Warren Buffett, the veteran Nebraska investor revered as the Oracle of Omaha, has come riding to the rescue of Swiss Re, the world's largest reinsurance company. Mr Buffett's Berkshire Hathaway - which owns General Re, one of Swiss Re's two biggest rivals - has taken a 3 per cent stake...
Genesis Underwriting Management Company is Pleased to Announce That Robert M. Jones Has Expanded His Role at Genesis
STAMFORD, Conn. -- Genesis Underwriting Management Company is pleased to announce that Robert M. Jones has expanded his role at Genesis to include the management of their Captive & Reinsurance Division. The Captive & Reinsurance Division focuses on three areas - group captives, single parent captives and risk retention business....
Buffett's role disputed as former executives head to trial
NEW HAVEN, Conn. -- 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 Hartford for four former executives of Berkshire Hathaway's General...
Ex-General Re officials' trial may highlight Buffett
Two former General Reinsurance Corp. executives may argue at their trial that contracts they arranged with American International Group Inc. didn't defraud investors because their boss, billionaire investor Warren Buffett, knew what they were doing, defense lawyers said. General Re's former Chief Executive Officer Ronald Ferguson and...
Gen Re LifeHealth Announces the Addition of Group Life and AD&D Business to JHA's Reinsurance Portfolio
STAMFORD, Conn. -- As a result of divisional realignment of reinsurance businesses at General Re Life Corporation Gen Re LifeHealth, JHA will manage the Group Life and Accidental Death and Dismemberment reinsurance business in North America. JHA has been managing the Group and Individual Disability reinsurance businesses since it became...
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Direct Property and Casualty Insurance Carriers: 524126Brought to you by IBMSponsored Resources
