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Finite risk reinsurance is a blend of conventional insurance with financing techniques.
The settlement, announced by the Securities and Exchange Commission, was the second such action in about a week to come out of the S.E.C.'s investigation into so-called finite risk insurance.
Initially, the regulators' attention was centred on a "finite risk" reinsurance contract with General Re, a subsidiary of Mr Buffett's Berkshire Hathaway, that is thought to have boosted AIG's reserves artificially.
Finite risk insurance combines elements of conventional insurance and financing.
A unit of General Electric said it received a subpoena by the U.S. Attorney's Office in regard to so-called finite risk insurance products.
General Electric said late Monday that it received a general subpoena from the U.S. Attorney's Office for the Southern District of New York seeking documents relating to finite risk insurance.
Similar(47)
As the paper states, "While no method can definitively determine the actual value an individual places on his or her lifetime, these estimates are less prone to some of the problems faced by estimates using labor market data or personal choices involving small but finite risks, which … people tend to overestimate".
It is recognised that inadvertent carotid puncture by either seeker needle or introducing needles carries finite risks for stroke and other complications [ 4].
Cowden syndrome (CS, [MIM 158350]) is autosomal dominant with lifetime risks of 28% for developing female breast cancer, 10% for epithelial thyroid cancer and unknown but finite risks of developing other cancers (1, 2).
The current round centres on "finite-risk" reinsurance, which can help insurers, especially, smooth reported profits inappropriately.
The third and most conspicuous turns on finite-risk reinsurance provided by General Re to AIG in 2000 and 2001 at the latter's urging.
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