Spitzer, SEC Subpoena Axa Re In Finite Re Probe
NU Online News Service, April 14, 8:59 a.m. EDT?Axa Re, a midsized reinsurance unit of French insurance giant Axa SA, disclosed that it has been subpoenaed by U.S. regulators over its finite reinsurance transactions with U.S. bond insurer MBIA.[@@]
The Paris-based Axa Re said it has received subpoenas from two U.S. regulatory groups: the New York Attorney General's Office and the U.S. Securities and Exchange Commission.
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