- Converium
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Converium Holding AG primarily provided reinsurance products in Europe, Asia, the Middle East, and Latin America through its parent holding company and through various subsidiaries. It was founded in 1995.[1] The company strived to create a uniform operational and organizational model in its multi-national global offices.[2]
Contents
Products
It offered a variety of life and non-life reinsurance lines including most standard liability products and some special liability products including worker's compensation. It also offered many life and health insurance lines.[1]
The company maintained an alliance with the Medical Defence Union to support their business concerns.[1]
Ratings
The company suffered a series of downgrades in 2004, despite good business performance.[3] The company lashed out at ratings agencies saying that the downgrades "harmed our franchise".[4]
In 2007 the company was purchased by SCOR and maintains partial sovreignity through its hub-management (matrix) organisation with heads in Paris, Zurich, Cologne, London, New York and Singapore.
References
- ^ a b c Yahoo Financials - Converium Holding AG Profile
- ^ Julie Gallagher (2003), "Bridging IT Globally", Insurance & Technology
- ^ Charles E. Boyle (2004), "European Insurance Summit 2004 Offers Some Words to Live By", Insurance Journal
- ^ Cyril Yuohy (2004), "Summit spat: Converium fires back at agencies", Risk & Insurance
External links
Categories:- Reinsurance companies
- Insurance company stubs
- Swiss company stubs
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