Bermuda Insurers Receive Subpoenas
Two of Bermuda’s leading reinsurance companies – RenaissanceRe Holdings Ltd. and PartnerRe Ltd. – have acknowledged that they have received subpoenas from both the U.S. Securities and Exchange Commission and the Office of the Attorney General for the State of New York.
Both companies were queried on their relationship with Channel Reinsurance Ltd., a reinsurance company in which RenRe holds an interest and PartnerRe holds a 20 percent equity shareholding.
Both companies said that they intend to fully cooperate in responding to the requests.
Popular Today
- ‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I
- Underwriters of the Future Are Constant Partners With Agents, Carrier Exec Says
- AIG Settles Lawsuit Against E&S Rival Dellwood and Former Employees
- State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing