A purchase of stock in Converium Holding Ltd, Zug, Switzerland, by a well-known Swiss investor is seen as a positive move by the reinsurer and an analyst.
Converium said today it has been notified that Patinex AG, Egglirain 24, 8832 Wilen, Switzerland, has acquired 12.49 percent of voting rights in Converium Holding AG--5.06 percent in the form of 7.4 million registered shares and 7.43 percent in the form of purchase rights, with entitlement to purchase 10.9 million registered shares.
Esther Gerster, Converium spokesperson, told National Underwriter that Patinex is "one of the companies of Martin Ebner, a well-known figure in the Swiss financial community."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
