AM Best leaves Converium ratings unchanged
AM Best has said that all ratings of Converium remain unchanged following the publication of the company’s first quarter 2005 results.
The reported net loss for the quarter of $61.8m is somewhat higher than AM Best anticipated as a result of a $40m net loss relating to the commutation of retrocessional contracts. The company hasOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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