The U.S. Attorney's Office in Manhattan and the Securities and Exchange Commission has asked Lloyd's of London to assist in their inquiry into improper finite reinsurance transactions, a Lloyd's representative said.
Their request, which arrived some time ago, did not involve subpoenas, said the Lloyd's spokeswoman, Melanie Batley, who added that investigators "are basically asking for information that is not related to Lloyd's. They are looking into other parties."
According Ms. Batley, Lloyd's was asked for material several months ago and has been supplying the requested information. She said Lloyd's has been centrally coordinating the response from its 62 syndicates.
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