Gen Re to pay $5m fine instead of convicted execs
BESTWIRE — The five insurance executives convicted last month of fraud in connection with a sham reinsurance deal will no longer be required to pay $5 million under a separate forfeiture claim filed against them by the US government.
Rather, under a new agreement between the parties, General Reinsurance Corp. will pay the government the $5 million forfeiture judgment, which represents the proceeds the company netted from the
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