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.

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