Converium hit by massive loss
Converium has reported a net loss of $760.8m for the full year 2004, which primarily reflects a net adverse impact of $581.3m on the technical result.
This impact on the technical result is largely due to the effect of the strengthening of prior years' loss reserves ($578.1m), reductions of ultimate premium estimates after considering associatedOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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