Converium Re To Runoff U.S. Operations
NU Online News Service, Sept. 10, 5:04 p.m. EDT?Converium Reinsurance, based in Zug Switzerland, said in the wake of rating firm downgrades it will put its North American operation in runoff and that the executive who managed them would resign.[@@]
Converium said Gary Prestia, a member of Converium's Global Executive Committee and chief technical officer, had submitted his resignation as president of Converium Reinsurance ( North America) Inc. (CRNA), which will be placed in runoff.
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