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SCOR Holding (Switzerland) Ltd.

(Pink Sheets:SCRJY) (Swiss:CHRN)
Contact Information
SCOR Holding (Switzerland) Ltd.
Baarerstrasse 8
6300 Zug, Switzerland
Tel. +41-44-639-93-35
Fax +41-44-639-93-34

Type: Public
On the web: http://www.scor-holding-switzerland.ch/default.asp

SCOR Holding (Switzerland) is hardly neutral when it comes to reinsurance; these days, it sides with the French. The company, formerly known as Converium Holding, was acquired by French reinsurer SCOR in 2007 in a transaction that started out as a hostile takeover. SCOR Holding (Switzerland) is a multi-line reinsurer, providing treaty and facultative (individual) coverage for risks including accident and health, credit and surety, e-commerce, third party and professional liability, life, and special casualty. The company operates in more than 60 countries throughout the world.

Key numbers for fiscal year ending December, 2006:
Sales: $2,091.0M
One year growth: (23.1%)
Net income: $57.1M
Income growth: (16.9%)

Officers:
CEO: Inga Kristine Beale
COO: Andreas Zdrenyk
CFO: Reinsurance

Competitors:
General Re
Hannover Re
Munich Re Group

 
 
Veterinary Dictionary: CHR

Canine hypoxic rhabdomyolysis.

 
Wikipedia: Converium Holding AG
Converium_logo.png

Converium Holding AG (NYSE: CHR) primarily provides reinsurance products in Europe, Asia, the Middle East, and Latin America through its parent holding company and through various subsidiaries. It is currently based in Zug, Switzerland and was founded in 1995.[1] The current CEO is Ms. Inga K. Beale, who has held that position since early 2006.[1]

The company strives to create a uniform operational and organizational model in its multi-national global offices. [2]

Products

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.[1]

The company maintains an alliance with the Medical Defence Union and Global Aerospace Underwriting Managers, Ltd to support their business concerns.[1]

Components

Converium is a member of the following stock indices:

  • NYSE Composite Index (New Method) (NYA)[1]
  • NYSE Financial Sector Index (NYK)[1]
  • Dow Jones Switzerland Titans 30[3]

Ratings

The company suffered a series of downgrades in 2004, despite good business performance.[4] The company lashed out at ratings agencies saying that the downgrades "harmed our franchise". [5]

References

  1. ^ a b c d e f Yahoo Financials - Converium Holding AG Profile
  2. ^ Julie Gallagher (2003), "Bridging IT Globally", Insurance & Technology
  3. ^ Dow Jones Index - Country Titans Indexes
  4. ^ Charles E. Boyle (2004), "European Insurance Summit 2004 Offers Some Words to Live By", Insurance Journal
  5. ^ Cyril Yuohy (2004), "Summit spat: Converium fires back at agencies", Risk & Insurance

External links



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Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Veterinary Dictionary. Saunders Comprehensive Veterinary Dictionary 3rd Edition. Copyright © 2007 by D.C. Blood, V.P. Studdert and C.C. Gay, Elsevier. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Converium Holding AG".  Read more

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