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Read the latest Gen Re finite fraud ruling

Posted On: Aug. 10, 2011 12:00 AM CST

The 2008 conviction of several former executives of General Reinsurance Corp. and American International Group Inc. for their roles in arranging a bogus finite reinsurance deal continues to reverberate throughout the insurance world. The latest twist was a reversal of the convictions by a three-judge panel of the 2nd U.S. Circuit Court of Appeals on Aug. 1, which could lead to a new trial. Read the judges’ reasoning here.