Converium Holding AG
primarily provided reinsurance
products in Europe
, the Middle East
, and Latin America
through its parent holding company and through various subsidiaries. It was founded in 1995.
The company strived to create a uniform operational and organizational model in its multi-national global offices.
It offers a variety of life and non-life reinsurance lines including most standard liability products and some special liability products including worker's compensation. It also offers many life and health insurance lines.
The company maintains an alliance with the Medical Defence Union and Global Aerospace Underwriting Managers, Ltd to support their business concerns.
The company suffered a series of downgrades in 2004, despite good business performance. The company lashed out at ratings agencies saying that the downgrades "harmed our franchise".
In 2007 the company was purchased by SCOR Group.