FRESH details about dealings between insurance giants American International Group (AIG) and General Re are expected to emerge later today.

A SENIOR executive at the Dublin arm of reinsurance firm General Re is facing a civil fraud action by US financial regulator the Securities & Exchange Commission (SEC).

US FINANCIAL services firm American International Group admits a reinsurance transaction with the Dublin-based subsidiary of General Re was improper.

Nagging worries about inflation bogged Wall Street down today with investors sending stocks lower as they tried to reconcile solid economic and earnings news, reports of anthrax discovered at the Pentagon, and a gloomy outlook on semiconductor stocks.