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Gen Re exec pleads in AIG reserve case.

Publication: National Underwriter Property & Casualty-Risk & Benefits Management
Publication Date: 20-JUN-05 		Format: Online - approximately 393 words
Delivery: Immediate Online Access
Full Article Title: Gen Re exec pleads in AIG reserve case.(EVIDENCE MOUNTING)(General Re Corp.)(American International Group Inc.)

Article Excerpt
A GENERAL REINSURANCE executive became the second top player to confess in federal court this month to a role in a $500 million sham reserving scheme with American International Group.

The admission in U.S. District Court in Alexandria, Va., by Richard Napier--a former senior vice president for Stamford, Conn.-based Gen Re--came as part of a plea agreement with...

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