General Re, AIG Execs Plead Not Guilty To $500M Fraud

Law360, New York (February 16, 2006, 12:00 AM EST) -- As an avalanche of scandals continues to bury the insurance industry, four former executives of insurance giants General Reinsurance and American International Group have pled not guilty to conspiracy, fraud and an array of other charges arising from their involvement in a scheme that allegedly inflated AIG’s revenues by $500 million.

On Thursday, former General Re CEO Ronald E. Ferguson, former chief financial officer Elizabeth A. Monrad, former general counsel Robert Graham and former head of AIG’s reinsurance division Christian Milton appeared in U.S. District Court...
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