Converium continues stabilisation in 3Q, confident of upgrade
Swiss reinsurer Converium has reported net income of $54.3m for the third quarter of 2006 on net premiums written which decreased by 5.1% to $410.5m compared with the same period of 2005
The company said the third quarter’s ongoing non-life combined ratio was 99%, including an administration expense ratio of 6.3%, compared with 112.1% and 5.8% respectively for the same period of 2005
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