Zurich Financial Receives Subpoena

Zurich Financial Services acknowledged that it has received a subpoena by the Securities and Exchange Commission and the Office of the New York Attorney General requesting information regarding non-traditional products.

Zurich said it “continues to cooperate with the authorities.”

The subpoena was apparently one of a number issued by the NY AG’s office and the SEC in connection with its investigation of abuses in the finite insurance market (see related articles).