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July 24, 2008 1:40:13 PM CDT


Stories related to: General Reinsurance

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2 Stories

  • February 2008
    • Berkshire Hathaway's Q4 Income Off 18%

      Berkshire Hathaway's Q4 Income Off 18%

      Citing a decline in gains from insurance underwriting and sluggish investment returns, holding company Berkshire Hathaway said today that fourth-quarter income was off 18%—to $2.95 billion, from $3.58 billion—from a year earlier, the Wall Street Journal reports. Billionaire chairman Warren Buffett snuck in digs at Wall Street and the federal government while effectively promising declining profit margins for years to come. More »

      Tags

      New York City   Warren Buffett   AIG   Maryland   Berkshire Hathaway   Omaha   insurance companies   MBIA   Ambac   Oracle of Omaha   General Reinsurance

    • Jury Convicts Ex-Insurance Execs in Fraud

      Jury Convicts Ex-Insurance Execs in Fraud

      A federal jury yesterday convicted five former insurance executives of fraud, conspiracy, and making false statements to the Securities and Exchange Commission as part of a scheme to deceive investors, Bloomberg reports. The convictions stem from a sham transaction in 2000 between General Reinsurance Corp. and American International Group that added $500 million in loss reserves to AIG’s accounts to soothe investor concerns. More »

      Tags

      SEC   fraud   Warren Buffett   AIG   Berkshire Hathaway   American International Group   Hank Greenberg   General Re Corp   General Reinsurance

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