Greenberg reinsurance charges News

Greenberg, New York AG Settle Long-Running Reinsurance Dispute

Ex- American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that …

Supreme Court Denies Greenberg Bid to Halt New York AG’s Reinsurance Case

The U.S. Supreme Court on Monday rejected former American International Group CEO Maurice “Hank” Greenberg’s bid to escape civil fraud charges in New York accusing him of orchestrating sham transactions at the insurer, even as his trial continues. The justices …

Greenberg Denies Getting Involved in Details of Reinsurance Deals

Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud allegations through friendly …