Reacting to official scrutiny, Swiss reinsurance company Converium Holding Ltd is delaying a report of its third-quarter results until mid-December while the company completes an internal review of various reinsurance deals, the company said.
"As widely reported, investigations of the insurance and reinsurance industry and non-traditional insurance and reinsurance products are being conducted by regulators and governmental authorities in both the United States and Europe," the company said in a statement Friday.
The transactions have drawn scrutiny because in some cases they are believed to have served as an accounting gimmick to improperly improve companies' financial statements.
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