Odyssey Re said it will delay filing its second-quarter report with the Securities and Exchange Commission for about 30 days.
The Stamford, Conn.-based reinsurer's announcement on Tuesday follows the company's statement made previously that it would restate all of its financial results from 2001 through the first quarter of this year to allow for a more appropriate U.S. Generally Accepted Accounting Principles treatment of convertible bond investments.
Odyssey Re said it required additional time to ensure that it has identified and reviewed all investments that would be subject to the restatement.
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