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Sat 09 Sep 2005General Re chief executive facing SEC charges over AIG dealJoseph Brandon, chief executive of Berkshire Hathaway's General Reinsurance and one of Warren Buffett's closest confidants, is facing civil charges from the Securities and Exchange Commission for his alleged role in overseeing a controversial re-insurance transaction with the American International Group.News that Mr Brandon has received a so-called Wells notice, which indicates regulators are considering bringing civil charges against him, comes six months after Maurice "Hank" Greenberg was ousted as the chief executive of AIG after regulators accused him of misleading investors by arranging this deal.
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