John Houldsworth, an executive at Berkshire Hathaway Inc.’s General Reinsurance Corp. unit, has agreed to plead guilty to a charge of criminal conspiracy in connection with the company’s nontraditional insurance finance transactions with American International Group Inc. Although Mr. Houldsworth — who is on paid leave, but who headed General Re’s reinsurance unit in Dublin — faces up to five years in prison for participating in the disputed 2001 transaction between AIG and General Re, that sentence will likely be less so long as Mr. Houldsworth fulfills his pledge to cooperate with the U.S. Justice Department and the Securities and Exchange Commission in their investigation of AIG and Berkshire. Here are the previous posts on the various investigations of AIG and Berkshire.
Houston's Clear Thinkers
Longtime Houston attorney Tom Kirkendall's observations on developments in law, business, medicine, culture, sports, and other matters of general interest to the Houston business, professional, and academic communities.
First Criminal Charge in General Re / AIG Nontraditional Insurance Transaction
As announced in this article in the Wall Street Journal, on Monday June 6th 2005, John Houldsworth, who headed General Re’s Cologne Re finite risk unit
First Criminal Charge in General Re / AIG Nontraditional Insurance Transaction
As announced in this article in the Wall Street Journal, on Monday June 6th 2005, John Houldsworth, who headed General Re’s Cologne Re finite risk unit
First Criminal Charge in General Re / AIG Nontraditional Insurance Transaction
As announced in this article in the Wall Street Journal, on Monday June 6th 2005, John Houldsworth, who headed General Re’s Cologne Re finite risk unit