Officials announced separate agreements settling charges related to improper finite reinsurance transactions last week, with St. Paul Travelers agreeing to pay $77 million and RenaissanceRe, $15 million.
Together the St. Paul Travelers settlement--which also settles charges of customer steering and bid-rigging with authorities in New York, Connecticut and Illinois--and RenRe's proposed finite settlement with the Securities and Exchange Commission total $92 million.
The RenRe proposal announced last week by the Bermuda-based company still needs final approval from SEC higher ups.
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