General Re executive on fraud charge in US

A SENIOR executive from the Irish operation of reinsurance firm General Re has been charged in the US with assisting fraud at insurance giant American International Group (AIG).

General Re executive on fraud charge in US

John Houldsworth, 46, has pleaded guilty to one charge of criminal conspiracy in relation to two transactions with AIG.

Mr Houldsworth is a former chief executive of the IFSC branch of General Re and is its chief property and casualty underwriter. He is on paid leave.

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