Converium Holding AG

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. [http://finance.yahoo.com/q/ct?s=CHR Yahoo Financials - Converium Holding AG Profile] The company strived to create a uniform operational and organizational model in its multi-national global offices. Julie Gallagher (2003), [http://www.insurancetech.com/resources/infrastructure/showArticle.jhtml?articleID=14705438 "Bridging IT Globally"] , Insurance & Technology

Products

It offers 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 offers many life and health insurance lines.

The company maintains an alliance with the Medical Defence Union and Global Aerospace Underwriting Managers, Ltd to support their business concerns.

Ratings

The company suffered a series of downgrades in 2004, despite good business performance.Charles E. Boyle (2004), [http://www.insurancejournal.com/magazines/southeast/2004/12/06/features/50181.htm "European Insurance Summit 2004 Offers Some Words to Live By"] , Insurance Journal The company lashed out at ratings agencies saying that the downgrades "harmed our franchise". Cyril Yuohy (2004), [http://findarticles.com/p/articles/mi_m0BJK/is_15_15/ai_n8578281 "Summit spat: Converium fires back at agencies"] , Risk & Insurance

In 2007 the company was purchased by SCOR Group.

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