Two of Bermuda’s leading reinsurance companies – RenaissanceRe Holdings Ltd. and PartnerRe Ltd. – have acknowledged that they have received subpoenas from both the U.S. Securities and Exchange Commission and the Office of the Attorney General for the State of New York.
Both companies were queried on their relationship with Channel Reinsurance Ltd., a reinsurance company in which RenRe holds an interest and PartnerRe holds a 20 percent equity shareholding.
Both companies said that they intend to fully cooperate in responding to the requests.
Topics Carriers
Was this article valuable?
Here are more articles you may enjoy.
Accuweather: Winter Storm to Cause Up to $115B in Damage, Economic Losses 
Zurich Reveals Beazley Stake After UK Insurer Spurns Bid 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
