William Riker

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.

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.

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.

Regulatory Probe: AIG (Bermuda) in chaos, Inter-Ocean Re apparently in run-off

March 31, 2005

Segments of Bermuda's insurance industry are in chaos as law enforcement and regulatory agencies in the United States crank up their investigations into offshore transactions.AIG's local operation appears to be in melt down, while finite risk reinsurer Inter Ocean Reinsurance

InsideBermuda’s 2002 Bermuda Insurance Executives Compensation Review – James Stanard tops with $17 million

April 30, 2003

RenaissanceRe Chairman and CEO James Stanard has topped InsideBermuda's annual insurance executive compensation review for the sixth consecutive year with a package valued at $17 million for 2002.His package was 50 per cent higher than the runner-up, his colleague William Riker, with RenaissanceRe officers filling the highest four positions and five of the top six.

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.