A General Re executive has reportedly pleaded guilty to a charge of criminal conspiracy in relation to the company's transaction with AIG
According to reports, John Houldsworth, who formerly headed up Berkshire Hathaway's General Re reinsurance unit in Dublin, pleaded guilty to criminal conspiracy.
He will assist the US Justice Department and the Securities Exchange Commission (SEC) in their investigations into non-traditional insurance products, reports said.
Houldsworth faces up to five years in prison for his role in the 2001 transaction, which improperly boosted AIG's reserves by $500m.
More criminal lawsuits are expected to follow, reports claimed.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
