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General & Cologne Re Apologize to IOA in Ad

Friday, May 25, 2001 | 130 | 0 | min read

General & Cologne Life Re of America (formerly Cologne Life Reinsurance Co.) has published a 'corrective advertisement' post arbitration loss, to say it regrets any damage done when it tried to break a contract with IOA Re, a managing general underwriter that wrote workers' compensation carve-out reinsurance in 1999. General & Cologne Life, a unit of Berkshire Hathaway Inc. entered into a contract with IOA Re in 1999 to rate, quote, bind and issue workers...

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