Chicago-based commercial insurer Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite reinsurance.
Kelley, the U.S. Attorney for the Southern District of New York, has asked at least 10 companies to provide documents relating to the practice, according to Reuters.
The U.S. Securities and Exchange Commission is also after CNA to produce documents related to its recent financial restatement, especially its relationship with Accord Re Ltd. The company said it would cooperate fully with both investigations.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Big I: Independent Agencies’ Market Share Up Slightly in 2025 
Trump Administration Backtracks on Removing Ocean Sensors 
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
