Converium plays 'management exodus' card in war of words with SCOR
Swiss reinsurer Converium’s latest rebuttal of the hostile takeover bid by French rival SCOR has invoked fears of Swiss job losses and a senior management exodus should the bid win through.
As SCOR gained shareholder approval for the necessary capital enlargement to fund the proposed deal, Converium described the hostile approach as “unprecedented in the reinsurance industry", saying it
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