HARTFORD, CONN.–A lawyer for one of the insurance executives on trial here for a scheme to artificially inflate American International Group loss reserves sought to bring out evidence today showing his client had no knowledge of illegality.
The effort by defense attorney Frederick P. Hafetz–who represents Christian Milton, former AIG vice president for reinsurance–came during cross-examination in U.S. District Court of government witness John Houldsworth, a former chief executive at Cologne Re Dublin, a subsidiary of the General Reinsurance unit of Berkshire Hathaway.
Mr. Milton is on trial with Ronald Ferguson (former Gen Reinsurance chief executive officer), Elizabeth Monrad (Gen Re's former chief financial officer), Robert Graham (former Gen Re senior vice president and counsel) and Christopher Garand (a former Gen Re senior vice president).
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