Zurich To Divest Re Businesses

London Editor

Zurich Financial Services formally announced last week its intention to divest its third-party reinsurance business through an initial public offering, which is expected to take place in the fourth quarter of 2001.

To facilitate the IPO, ZFS has created a new holding company, called Converium Holding Ltd., for ZFS third-party assumed reinsurance operations. Converium includes Zurich Reinsurance (North America) Inc. and Z?rich R?ckversicherung (K?ln) AG, which have been rebranded Converium Reinsurance US and Converium Germany, respectively, according to a statement from Standard & Poors.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.