Investigation into CRD’s activities

Ian Guider

The investigation is the latest to hit General Re's Irish subsidiary Cologne Reinsurance Dublin (CRD) which is already under scrutiny by financial regulators worldwide.

"The Office of the Director of Corporate Enforcement in Ireland is conducting a preliminary evaluation in relation to CRD concerning, in particular, transactions between CRD and AIG. CRD is cooperating fully with this preliminary evaluation," General Re said.