Converium.JAKOB EUGSTER has joined CONVERIUM as executive vice president for Standard Property & Casualty Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. . Recently, Eugster had worked as managing director for Benfield Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). . He began his career in 1974 with Swiss Re Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006). Founded in 1863, Swiss Re now operates in more than 30 countries. General Electric owns 8.9% of the firm. . Also, BENJAMIN GENTSCH will take on responsibilities in life and health while maintaining his current position of executive vice president for specialty lines. Gentsch is also a member of Converium's Global Executive Committee and a director of global Aerospace Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Managers Ltd. and Medical Defense Union Services Ltd. Most recently, he was chief executive officer for Converium Zurich. |
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