Bermuda-based insurer ACE, Ltd.'s, chief financial officer said the company has turned over more than 100 contracts considered to be nontraditional for review by investigators.
Speaking yesterday at William Blair & Company's annual stock conference in Chicago, Phillip V. Bancroft said the company has turned the documents over to both the Securities & Exchange Commission and attorneys hired by ACE who are conducting an internal investigation for the carrier.
Mr. Bancroft's comments came in response to questions asked of him during the conference.
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