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RenaissanceRe announced the replacement today of a senior executive with Bermuda citizenship who refused to accept a Securities and Exchange Commission subpoena in a probe of the company’s financial statements.

The Pembroke, Bermuda,-based reinsurer said it had accepted the resignation of Michael W. Cash, an actuary and senior vice president-specialty reinsurance, after he refused an SEC demand for his testimony in its investigation into the restatement of the company’s financial statements.

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