SCOR increases Converium stake


SCOR increases Converium stake

PARIS? SCOR S.A. will own more than 96% of Swiss reinsurer Converium Holding A.G. with the additional 14.9 million Converium shares that were tendered in an acceptance period that ended July 26. The combined entity plans to have a new underwriting plan in place in time for reinsurers? annual...

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SCOR raises stake in Converium

PARIS—Reinsurer SCOR S.A. has increased its equity holding in its Swiss rival, Converium Holding A.G. to 86.07%. The increase in SCOR’s holding in Converium from 33% followed an initial offer...

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