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APRA gives General Re chance to explain.(Australian Prudential Regulation Authority)(General Reinsurance Australia)(Brief Article)
Australasian Business Intelligence, March, 2005 by Murray, Lisa
Mar 29, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
The Australian Prudential Regulation Authority has queried General Reinsurance Australia about some of its transactions. On 29 March 2005, the regulator announced that it is prepared to consider a submission from the Berkshire Hathaway subsidiary before deciding whether to investigate its financial reinsurance dealings. General Reinsurance was named at the HIH Royal Commission because of its dealings with FAI. The regulator is also questioning a financial reinsurance product sold to Zurich Financial Services Australia.
Publication Date: 30 March 2005
GENERAL REINSURANCE AUSTRALASIA:
BERKSHIRE HATHAWAY INCORPORATED:
AUSTRALIAN PRUDENTIAL REGULATION
AUTHORITY:...
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