Non-Traditional Biz Probe Hits RenaissanceRe

NU Online News Service, Feb. 28, 1:58 p.m. EST?RenaissanceRe Holdings Ltd. said it is the latest firm to be subpoenaed by the Securities and Exchange Commission in its widening probe of non-traditional insurance products used by some companies to distort financial statements.[@@]

The Bermuda-based company said the subpoena also requests information about the company's previously announced determination to restate prior years' financial statements to correct accounting errors.

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