RenaissanceRe Holdings Ltd. Chief Executive Officer James Stanard has received notice from the Securities and Exchange Commission that staff has recommended a civil enforcement action against him for violating securities laws.
The company announcement that Mr. Stanard and another official who has left the company were the subject of an SEC Wells Notice was made this morning.
The Bermuda-based primary and secondary insurance provider said in February it would restate financial statements for 2001-2003 to correct accounting errors that were uncovered during an internal review.
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