James Stanard

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US judge fines ex-RenRe boss James Stanard $100,000

February 23, 2009
Former RenaissanceRe Chairman and CEO James Stanard has been fined $100,000 after a United States federal judge determined that he had committed civil securities fraud regarding a finite risk transaction with Bermuda based Inter Ocean Ltd. U. S. District Judge

Former RenRe boss James Stanard awaits judgment after securities fraud trial

October 7, 2008
A bench trial in the SEC's civil action alleging securities fraud against former RenaissanceRe Holdings Ltd. boss James Stanard concluded on September 22, 2008 after six days of testimony. U. S. District Judge Gerard E. Lynch, sitting at the U. S. District Court for the Southern District of New York, has yet to render his judgment.

SEC and ex-RenRe boss seek to exclude testimony from securities fraud trial

September 9, 2008
Former RenaissanceRe Chairman and CEO James Stanard has filed a motion to exclude the testimony of another ex-RenRe officer, Michael Cash, from his upcoming trial at federal court in New York, where he is defending a civil complaint alleging securities fraud that was brought by the U. S. Securities and Exchange Commission.

US Gov’t turns over criminal investigation records to ex-RenRe officer Michael Cash

August 10, 2007
Former RenaissanceRe officer Michael Cash has won a legal battle to force the U. S. Government to turn over records concerning a criminal investigation into alleged fraud at the reinsurer.After months of delays and in the face of an imminent court order forcing it to comply with subpoenas from Cash, the U. S. Attorney's Office for the Southern District of New York finally relented and agreed to provide the document by July 31, 2007. 

US Court denies motion to dismiss SEC lawsuit by ex-RenRe officers

June 15, 2007
Former RenaissanceRe officers James Stanard and Michael Cash have failed in their attempt to have an SEC securities fraud lawsuit against them dismissed. In an order dated May 16, 2007, U. S. District Judge Gerard E. Lynch, sitting at the U. S. District Court for the Southern District of New York, denied their motions to dismiss the SEC's complaint. The reasons for his decision were not immediately available from the court's on-line records.

RenRe settles class action litigation for $13.5 m

March 9, 2007
Bermuda-based property catastrophe reinsurer RenaissanceRe Holdings Ltd. has agreed to settle a consolidated shareholder class action lawsuit at the U. S. District Court for the Southern District of New York by paying $13.5 million. RenRe announced the settlement on February 14, 2007 - five days after the firm disclosed that it had agreed to pay $15 million to settle a securities fraud lawsuit regarding the same conduct that was brought at the same court by the SEC. Neither settlement required the reinsurer to admit liability.

Ex-RenRe officers apply to have securities fraud lawsuit dismissed, Stanard claims SEC does not understand reinsurance

January 7, 2007
Two former senior officers of RenaissanceRe Holdings have filed motions to dismiss an SEC complaint that accuses them of committing securities fraud. The motions were filed by James N. Stanard, RenRe's former Chairman and CEO, and Michael W. Cash, RenRe's former Senior Vice President of Specialty Reinsurance, at the U. S. District Court for the Southern District of New York on January 2, 2007.

SEC files fraud complaint against three ex-RenRe officers

November 28, 2006
A civil complaint alleging securities fraud has been brought against three former senior officers of the Bermuda based RenaissanceRe insurance group by the United States Securities and Exchange Commission.The action was filed at the U. S. District Court for the

U. S. judge rejects discovery requests by ex-RenRe officers fighting SEC lawsuit

July 12, 2006
Former officers of Bermuda-based RenaissanceRe recently suffered two discovery setbacks in their defense of a securities fraud lawsuit brought by the United States Securities and Exchange Commission.On June 25, U. S. District Judge Gerard E. Lynch, sitting at the U. S. District Court for the Southern District of New York, denied an application by Bermudian national Michael Cash to delay Cash's deposition until after he has deposed co-defendant and fellow former RenRe officer Martin Merritt and non-party Jonathan Reiss.

2006 Bermuda Insurance Stock Ownership Review: Stanard’s RenRe stake climbs to $245 m

June 7, 2006
James Stanard may have departed as RenaissanceRe's Chairman and CEO in less-than-ideal circumstances last November but he remains the firm's biggest individual shareholder, with a holding worth $245 million. That was more than enough to put him at the top of InsideBermuda's 2006 review of own-company shareholdings held by current - or, in the case of Stanard, recently-departed - officers and directors of Bermuda's publicly-listed insurers.

SEC and class action law firms target RenaissanceRe

August 4, 2005
Bermudian Michael Cash, who resigned as on officer of RenaissanceRe after refusing to accept service of an SEC subpoena, will soon have a few more process servers at his door.Along with four other officers and the company itself, Cash has been named as a defendant in at least two class action complaints filed at the U. S. District Court for the Southern District of New York.

AXIS Capital boss tops shareholdings review at $182 m

June 5, 2005
AXIS Capital President and CEO John Charman is Bermuda's $182 million man, according to the latest review of own-company shareholdings that is conducted annually by InsideBermuda. That is the current market value of shares in AXIS that Charman beneficially owns, as reported by the firm in its most recent proxy statement filing with the SEC.

James Stanard tops Executive Compensation Review for fifth straight year

April 30, 2002
RenaissanceRe Chairman and CEO James Stanard has topped InsideBermuda's annual insurance executive compensation review for the fifth straight year with a package valued at $24.4 million for fiscal 2001. Stanard's compensation was almost three times the value of the runner-up - his colleague at RenaissanceRe, David Eklund, who earned $8.6 million.

RenaissanceRe announces offering and promotions

February 28, 2002
RenaissanceRe announced on February 25 that it had filed with the SEC a shelf registration statement for the proposed offering of up to $500 million of securities. "Under this shelf registration statement, the Company will have the flexibility to sell debt securities, common and preferred shares, warrants and share purchase contracts and units, as well as trust preferred securities or a combination of the above," stated the firm.

World Insurance Forum announces speakers

December 31, 2001
The '2002 World Insurance Forum', which is being held in Bermuda on February 19-22, has announced the participation as speakers of several influential industry businessmen.

Brian O’Hara tops Bermuda shareholders’ list with $65 million of XL Capital stock

June 30, 1999
XL Capital President and CEO Brian O'Hara has topped a list that measures the value of shares that officers of Bermuda-based, publicly-listed insurers own in their own company. O'Hara is the beneficial owner of shares worth approximately $64.6 million in XL Capital, according to a review conducted by Miami-based Offshore Business News & Research, Inc., which publishes this newsletter.

James Stanard tops insurance compensation package chart for 1998

May 31, 1999
RenaissanceRe's President and CEO, James Stanard, was the best compensated officer of a Bermuda-based, publicly-listed insurance entity for the second consecutive year in fiscal 1998, according to a compensation review by Miami-based Offshore Business News & Research, Inc., which publishes this newsletter.