Converium announces renewal results
Following its January renewals, Converium has announced that it expects total gross premiums written for 2005 to exceed $2bn, which is in line with expectations. 63% of the Company's renewable non-life business volume (excluding Converium Reinsurance (North America), which is in orderly run-off) was successfully maintained.
In Europe, Asia and Latin America Converium was able to retain 70% of directly written non-life premiums and 55% of brokered non-life premiums up for renewal. The Company succeeded in maintaining 87%Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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