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Fri 05 May 2007Cologne Re paid $100m dividend by Irish unitWarren Buffett's Cologne Re group has received $100 million (€73.53 million) in dividends and capital repayments from its Dublin subsidiary, the firm which played a key part in a big accounting scandal at insurance giant AIG.The IFSC-based firm is ultimately controlled by General Reinsurance (GenRe), a division of Mr Buffett's Berkshire Hathaway conglomerate.According to newly-filed accounts, its directors arranged a dividend payment of $28 million on March 26th and made a repayment to its parent that day of $72 million in shareholders' funds.