Axa Re questioned by SEC over MBIA probe
The New York Attorney General's Office and the US Securities and Exchange Commission have contacted Axa's Re over transactions with bond insurer MBIA.
The transactions related to the 1998 $1bn-plus bankruptcy of Pennsylvania non-profit hospital group Allegheny Health, Education and Research Foundation (AHERF), as well as non-traditional productsOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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