Three insurers said yesterday that they received subpoenas in ongoing investigations by federal and state attorneys general seeking information about transactions ranging from finite reinsurance to annuity sales.
General Electric Company of Fairfield, Conn., said in a statement that it received a subpoena from the U.S. Attorney's Office for the Southern District of New York seeking documents relating to finite risk insurance. The company said the subpoena is general in nature.
GE went on to say that its GE Insurance Solutions division received a similar subpoena from the Securities & Exchange Commission on April 29.
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