Non-Traditional Biz Probe Hits RenaissanceRe
NU Online News Service, Feb. 28, 1:58 p.m. EST?RenaissanceRe Holdings Ltd. said it is the latest firm to be subpoenaed by the Securities and Exchange Commission in its widening probe of non-traditional insurance products used by some companies to distort financial statements.[@@]
The Bermuda-based company said the subpoena also requests information about the company's previously announced determination to restate prior years' financial statements to correct accounting errors.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
