Converium: renewal market “less favourable than expected”
Swiss reinsurer Converium has issued a renewal statement in which it expresses general satisfaction with the renewals season, but disappointment that conditions did not live up to the most optimistic post-hurricane expectations:
Converium statement in full:
“During the January 2006 renewals Converium wrote and bound an estimated non-life premium volume of around US$ 1.13bn, which represents a decline of less than 3% “Converium
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