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5/03/2005
German Re-Insurer Faces SEC Troubles
German Re-Insurer Faces SEC Troubles
Via Business Week Online:
-- MDT
Hannover Re subpoenaed by U.S. SECClick here for the rest of the article.
MAY. 3, 2005
The Associated Press
Hannover Re AG, the world's fourth-largest reinsurer, said Tuesday it was subpoenaed by the U.S. Securities and Exchange Commission.
"The U.S. SEC has requested information from our U.S. unit, Hannover Life Re of America," spokeswoman Gabriele Handrick said.
She said the subpoena focused on "nontraditional products" in its financial reinsurance business, but added that the company was not accused of any wrongdoing.
-- MDT
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