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Embattled RenRe Chief Steps Down

Embattled Renaissance Re Holdings Ltd. chief James Stanard has resigned, but proclaimed his innocence in any wrongdoing surrounding a federal accounting investigation.The Bermuda-based company's ...

By Steven Tuckey | Updated on March 18, 2005

Embattled Renaissance Re Holdings Ltd. chief James Stanard has resigned, but proclaimed his innocence in any wrongdoing surrounding a federal accounting investigation.

The Bermuda-based company’s board of directors yesterday said Mr. Stanard resigned his position as chairman and chief executive officer in light of the ongoing probe into the restatement of the company’s financial results earlier this year.

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