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Axa gets U.S. subpoena in MBIA reinsurance probe

Article Abstract:

AXA Group of France is being investigated by the United States Securities and Exchange Commission about a 1998 reinsurance business transaction with MBIA Inc., the United States bond insurer. The United States regulators are investigating loans that are disguised as insurance transactions that enhance insurance company balance sheets.

Author: Fleming, Charles
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
France, AXA Group, United States. Securities and Exchange Commission, MBIA Inc., MBI

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Marsh U.K. Unit says probe found no bid rigging

Article Abstract:

Marsh and McLennan Companies Inc. U.K. unit says enquiry found no bid rigging, however there was evidence of contingent commissions.

Author: Fleming, Charles, McDonald, Ian
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
United Kingdom, Marsh & McLennan Companies Inc.

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Subjects list: United States, Company legal issue, Insurance industry, Investigations
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