Converium suffers from market blows
Swiss reinsurer Converium has been hit by both the market and rating agencies in the wake of its profit warning for its second quarter 2004 figures.
Converium warned that its Q2 results would fall short of expectations due to the emergence of higher than modeled US casualty loss, primarily related to the 1997 to 2001 underwriting years. TheOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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