American reinsurance supervision

General Reinsurance Company is suspected of making false transactions with AIG at the beginning of this century to defraud investors. From 2000 to 20001year, General Reinsurance Company transferred about 500 million US dollars to AIG to help it increase its insurance reserve, which caused AIG's share price to soar.

American regulators believe that the above two companies deliberately deceived the US Securities and Exchange Commission, which constitutes partnership fraud, and began to investigate this in 2005. Berkshire Hathaway said in the document 165438+ published on June 6 last year that the government is still investigating whether "General Reinsurance and its subsidiaries collude with their counterparties to whitewash statements, support or condone such false situations". According to the document, "General Reinsurance Company is cooperating with the government investigation."

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.