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Article: In Brief.(Odyssey Re Holdings Corp.)(W. Marston Becker joined Max Re Capital Ltd.)(UnitedHealth Group Inc.)
- Article from:
- Business Insurance
- Article date:
- November 20, 2006
CopyrightCOPYRIGHT 2006 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Insurers subpoenaed in municipal GIC probe
Several financial guarantee insurers have been subpoenaed by the antitrust division of the U.S. Attorney's Office for the Southern District of New York and, in some cases, by the Securities and Exchange Commission in an investigation of brokers of municipal guaranteed investment contracts. Companies that say they have received subpoenas include units of American International Group Inc., XL Capital Ltd. and General Electric Co. A Justice Department spokeswoman said, "The antitrust division is investigating the possibility of anticompetitive practices in the municipal bond industry.''
Becker named Max Re CEO
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