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Violation Tracker Individual Record

Company: General Reinsurance Corporation
Current Parent Company: Berkshire Hathaway
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $72,000,000
Year: 2009
Date: February 25, 2009
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: In a case brought by the Ohio AG on behalf of three state pension funds and other investors, General Re agreed to pay $72 million to resolve allegations that the company participated in a fraudulent reinsurance transaction with American International Group, harming stockholders.
Level of Government: state
Action Type: agency action
Agency: Ohio Attorney General
Civil or Criminal Case: civil
Facility State: Ohio
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.