Corporate round-up - Stanard
RenaissanceRe’s former ceo Jim Stanard has been found liable for securities fraud in connection with a series of finite reinsurance-style transactions that the reinsurer entered into in 2001.Judge Gerard Lynch of the US District Court for the Southern District of New York also held Mr Stanard liable for making false or misleading statements to auditors, providing false officer certifications, and violating and aiding and abetting violations of reporting under securities laws.