Company Profile for Converium Ltd.Business Editors --(BUSINESS WIRE) Converium is an independent top ten professional reinsurance group. The company was listed on the SWX Swiss Exchange SWX Swiss Exchange An all-electronic securities exchange formed from the 1995 merger of exchanges in Geneva, Basel, and Zurich. The exchange offers trading in equity securities, investment funds, exchange-traded funds, bonds, Eurobonds, and options. (SWX:CHRN CHRN Certified Hyperbaric Registered Nurse CHRN Canadian Harm Reduction Network (Toronto, Ontario, Canada) CHRN Commonwealth Human Rights Network CHRN Child Health Research Network CHRN Citizens for a Healthy Rural Neighborhood ) and the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange :CHR CHR canine hypoxic rhabdomyolysis. )on December 11, 2001. Converium's 100% flotation was earmarked as the largest reinsurance IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ever worldwide and the largest corporate IPO in Switzerland since 1998. In its first 18 months of independence, Converium was very well received by clients and brokers and proved to be a serious global player within the industry. Converium is organized around four business segments consisting of our three non-life operations, Converium Zurich, Converium North America and Converium Cologne, as well as Converium Life. Today Converium employs over 800 people in 22 offices around the globe. Converium focuses on its Group Strategy of seeking to lead the majority of business written, expanding in specialty lines and structured and finite reinsurance, maintaining strong underwriting discipline and profitability focus, seeking long-term strategic alliances and expanding its position in attractive markets. With its strong balance sheet, solid reserves, strong capitalization, low exposure towards equities and a cutting-edge Asset and Liability Management, Converium is set to benefit from today's hard markets as well as from the reshuffling of the industry's lead table. Converium's September 11, 2001 net losses are capped at US$ 289.2 million by its former parent, Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance . Converium has minimal A&E exposure. Converium has a "A" (strong) rating and stable outlook from Standard & Poor's and an "A" (excellent) rating by AM Best Company.
Company: Converium Ltd
Headquarters Address: General Guisan-Quai 26
Zuerich 8022
Switzerland
Main Telephone: +41 1 639 9393
Website: http://www.converium.com
Ticker: CHR US(NYSE)
Type of Organization: Public
Industry: Professional Services: Insurance
Earnings Release Dates: 1st Quarter: April 29, 2003
2nd Quarter: July 29, 2003
3rd Quarter: October 28, 2003
Key Executives: CEO: Dirk Lohmann
CFO: Martin Kauer
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