Converium Posts Quarterly Profit
NU Online News Service, Oct. 29, 12:52 p.m. EST?Switzerland-based reinsurer Converium Holding AG posted net profit of $44.3 million for the third quarter, reversing a loss of $5.6 million from the year-ago period.
The reinsurer said its earnings figures benefited from solid premium growth and a low level of insurance claims, which offset a $14.3 million reserve boost for its U.S. life policies.
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