General Re is in settlement talks with the US government over its participation in helping AIG to manipulate its books using finite reinsurance products.
General Re is part of Warren Buffett's Berkshire Hathaway group.
Reports said General Re could enter into a 'deferred prosecution pact' where it would agree to certain settlement terms, such as a fine and a probation
period, and would comply for a set period of time to avoid a criminal indictment, reports claimed.
Reports said further disclosures from the ongoing investigation could jeopardize any settlement with the US Justice Department.
A General Re spokesman declined to comment, the paper reported.
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.
