General Reinsurance Corporation (Gen Re)

HQ Country of Company:
USA
Agency:
OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
The apparent violations consist of two reinsurance claim payments to the Steamship Mutual Underwriting Association Limited (“Steamship Mutual”) for losses arising from vessel operations of the National Iranian Tanker Company in July and August 2005.
Fine:
Total Fine
$59,130.00
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$59,130.00
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