Officials have announced separate agreements by St. Paul Travelers to pay $77 million and RenaissanceRe to pay $15 million settling charges related to improper finite reinsurance transactions by the two companies.
Charges of customer steering and bid-rigging are also settled in the St. Paul Travelers agreement with authorities in New York, Connecticut and Illinois.
RenaissanceRe's proposed settlement with the Securities and Exchange Commission was announced last night by the company and still needs final approval from SEC higher ups.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
