Fitch puts Converium on Rating Watch Negative list
Fitch Ratings has placed Converium's Insurer Financial Strength 'BBB-' rating on rating watch negative following the company's announcement that it is to delay publication of its Q3 results pending the restatement of its financial accounts.
The restatement follows Converium's internal review into the way that it has accounted for certain complex non-traditional reinsurance transactions. At the same time, the agency has placed otherOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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