Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite reinsurance.
Kelley, the U.S. Attorney for the Southern District of New York, has asked at least 10 companies to provide documents relating to the practice, according to Reuters.
The U.S. Securities and Exchange Commission is also after CNA to produce documents related to its recent financial restatement, especially its relationship with Accord Re Ltd. The company said it would cooperate fully with both investigations.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
What Analysts Are Saying About the 2026 P/C Insurance Market 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud 
