HARTFORD, CONN.–The jury finished its third day of deliberations on the fate of five insurance executives accused of putting together a sham reinsurance deal to artificially bolster the financial picture of American International Group.
A panel of nine men and three women completed a full day of deliberation without reaching a verdict today. They are expected to continue deliberations in U.S. District Court here tomorrow. Attorneys anticipate the jury could take up to a week to arrive at a verdict.
On trial are Ronald Ferguson, (former chief executive of General Reinsurance, a Berkshire Hathaway subsidiary), Christopher Garand (a former Gen Re senior vice president), Robert Graham, (Gen Re's former senior vice president and counsel), Elizabeth Monrad (Gen Re's former chief financial officer) and Christian Milton (former AIG vice president for reinsurance).
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