Pembroke, Bermuda-based RenaissanceRe Holdings Ltd. said in a Securities and Exchange Commission filing that it will pay $13.5 million to settle a shareholders suit over alleged accounting irregularities and securities fraud.
The company said that on Feb. 14 it executed a memorandum of understanding with plaintiffs' representatives to settle consolidated shareholder class-action securities litigation.
The settlement involves no admission of liability by the company.
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