NU Online News Service, Oct. 26, 3:15 p.m. EDT

Maurice "Hank" Greenberg denied any wrongdoing and was roundly critical of a New York State judge's decision finding the former American International Group chief executive liable for a scheme to hide losses.

A statement issued by Mr. Greenberg's attorneys yesterday said that "he has always rigorously denied participation in or knowledge of any wrongdoing connected to a reinsurance transaction between AIG and Gen Re some 10 years ago."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.