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Converium CEO "very satisfied" with renewals

Swiss reinsurer Converium has announced its year-end renewals have led to improved profitability and the company regaining market share.

In a statement, the company said it wrote an estimated non-life premium volume of $1.27bn, a year-on-year increase of 3%, during the January 2007 renewals.

It added that the renewed book of business

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