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.
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup 
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
