Converium finally regains ‘A’ rating
Standard & Poor's has raised Swiss reinsurer Converium’s long-term financial strength rating to "A-“ with a stable outlook. According to Standard & Poor’s the ratings decision reflects the Group’s strengthened management team and sound infrastructure, strong competitive position, and strong capitalisation
The move had been expected for many months, since the announcement of the sale of Coveriums's US operations to Berkshire Hathaway in Octeober 2006.
Markus Dennler, Chairman of Converium’s Board of
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