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MUNICH, Germany (AP) - Munich Re, the world's largest reinsurer, said New York Attorney General Eliot Spitzer and the U.S. Securities and Exchange Commission have asked it for information about reinsurance deals with bond insurer MBIA Inc.
Munich Re said it had not been accused of any improper activities in its dealings with New York-based MBIA, which last month agreed to restate six years of financial results.
"In a letter dated April 19, U.S. authorities asked Munich Re to provide information about its reinsurance contracts and business dealings with MBIA," the company said, adding that it would cooperate fully with investigators.
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