A major actuarial group has issued a statement disavowing efforts by some of its members to secure a lenient sentence for Ronald Ferguson, the former General Reinsurance chief executive convicted for his role in a reinsurance accounting fraud.
In addition, the Web site announcement by the Casualty Actuarial Society board of directors said they have asked for a conduct investigation of Mr. Ferguson and one of his co-defendants, Christopher Garand, both of whom are CAS members.
The CAS announcement indicates that Mr. Ferguson is the subject of a letter signed by some CAS members sent to U.S. District Court Judge Christopher Droney in Hartford, Conn., who has yet to set a sentence date for Mr. Ferguson.
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