year and a day in prison and fined $100,000; AIG's Vice President Christian Milton was sentenced to four years in prison and fined $200,000. In 2009, in front of U.S. District Judge Christopher Droney in Hartford, Houldsworth apologized. As a result, he was fined $5,000 and ordered to perform 400 hours of community service during a two-year probation period. On August 1, 2011, the United States Court of Appeals for the Second Circuit vacated the five Gen Re and AIG defendants’ convictions and remanded the defendants for a new trial, holding that the reported drop in share prices could not be attributed to the two reinsurance deals. Resolution "In June 2012, the U.S. government agreed to not pursue any further legal action against the former Gen Re executives pursuant to deferred prosecution agreements that have since expired and are no longer in effect. As a result, the government matter is fully and finally resolved. Civil litigation related to the AIG matter has also been fully and finally resolved. The lead plaintiffs and Gen Re reached a settlement agreement which the court approved pursuant to a final order entered on September 11, 2013." Office locations Gen Re's headquarters are in Stamford, Connecticut. In North America, Gen Re also operates in Atlanta, Boston, Chicago, Columbus, Dallas, Hartford, Kansas City, Los Angeles, Montreal, New York, Philadelphia, San Francisco, Seattle, South Portland, St. Paul and Toronto. Gen Re further operates in Latin America (Mexico City, São Paulo), Europe/Middle East (Cologne, Copenhagen, Dubai, London, Madrid, Milan, Moscow, Paris, Vienna), Africa (Cape Town, Johannesburg), Asia (Beijing, Hong Kong, Mumbai, Seoul, Shanghai, Singapore, Taipei, Tokyo) and Australasia (Auckland, Sydney). References External links Welcome to Gen Re Articles Berkshire Hathaway Financial services companies established in 1846 Companies based in Stamford, Connecticut Insurance companies of the United States Reinsurance companies 1998 mergers and acquisitions 1846 establishments in Connecticut American companies established in 1846