Converium to restate profits
Converium has announced that it is to restate its profits as it carries out an extensive internal review of certain reinsurance transactions and engaged outside counsel to assist the Company. Converium has reported substantial progress in this internal review.
The company’s decision to restate its accounts is based on the information and findings identified during the internal review. The primary driver of the restatement is to correct the accountingOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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