General Re is stalled out in a worldwide insurance market suffering from huge overcapacity.
General Re is a holding company for reinsurance, capital analysis, insurance consulting and asset management.
And in buying General Re in 1998, Berkshire bought itself a particular lot of problems.
ECONOMIST: Buttonwood: Still earning after all these years | The
Spitzer's sleuths descended on one set of transactions in particular, involving AIG and Berkshire Hathaway's General Re subsidiary.
They include GEICO, Wesco Financial, General Re, Applied Underwriters, Kansas Bankers Surety Company, National Indemnity and Central States Indemnity.
General Re, a subsidiary of Berkshire Hathaway Inc, since 1998, has focused its 401(k) offerings around global portfolios offered by Fidelity.
Was there a genuine transfer of risk from General Re to AIG?
His General Re- insurance acquisition closes by year-end, and it moves the locus of BRK from an investment house to a worldwide insurance empire.
With 2, 500 employees and 67 offices around the globe, General Re is the largest reinsurance corporation in the U.S. and the third largest worldwide.
One involves reinsurance sold by General Re for years to a professional-liability insurer in the state of Virginia, now bust and with unpaid liabilities.
ECONOMIST: Buttonwood: Still earning after all these years | The
Spitzer's sleuths descended on one set of transactions in particular, involving AIG and Berkshire Hathaway (nyse: BRKA - news - people )'s General Re subsidiary.
But at the same time, Berkshire Hathaway owns several large insurance entities, including General Re and Geico, so it may be interested in buying some of AIG's insurance.
Spitzer's case is focusing on a few arcane areas of accounting--including an allegedly bogus deal by AIG with General Re, a unit of Berkshire Hathaway, to bulk up AIG's balance sheet.
Spitzer claims there is a smoking e-mail: memos between two midlevel managers at General Re suggesting the company's former chief executive, Ronald Ferguson, and Greenberg knew it was a riskless transaction.
We have added to our positions, and the list is long: American Express, Citigroup, Golden West Financial, Morgan Stanley, Merrill Lynch, Fannie Mae, Bank One, AIG, General Re (to become Berkshire Hathaway).
Berkshire Hathaway (nyse: BRKA - news - people ), which is controlled by billionaire investor Warren Buffett and owns reinsurance giant General Re , has also said it will have claims but declined to estimate their extent.
This includes detection and cleanup procedures as well as general gleefulness re the live exploit from the non-Mac crowd.
Acting under Chapter VII of the United Nations Charter this morning, the Security Council requested the Secretary-General to re-establish within 30 days, and for a six-month period, the Monitoring Group established by resolution 1519 (2003) with respect to the situation in Somalia.
"In American politics you can parachute in at the top - you're a general, " says Brands.
Jack Conway, the state's Democratic attorney-general, cruised to re-election this week by 10 points.
General Pace's re-confirmation by Congress had looked doubtful because of the failures in Iraq on his watch.
And working closely with state attorneys general, we're going to keep at it until we hold those who broke the law fully accountable.
WHITEHOUSE: President Obama Speaks on Landmark Housing Settlement with Banks | The White House
The Secretary-General added that our re-shaped relationship must be built on a gradual but steady transfer of responsibilities and authority from international stakeholders to Afghan institutions.
The way things work at present, they're taken to their local District General Hospital accident and emergency department, where they're sometimes met at the door by a junior doctor with little experience of their condition.
As general counsel to the Obama re-election campaign, Mr. Bauer used the same tactics on pro-Romney groups.
These big state arguments don't hold up in a general election as you're comparing apples and oranges.
Today we're talking with General Jack Keane, a retired lieutenant general, former vice chief of staff of the Army.
We're underexposed in general to developed market equities and slightly overexposed to emerging market equities because they've gotten trashed so badly it looks like there's somewhat better value there.
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