Converium Holding Ltd. said it is making significant changes toits board of directors, including replacing its chairman, PeterColombo.

As he indicated last year, Mr. Colombo will step down at theupcoming Annual General Meeting, according to the Zug,Switzerland-based reinsurer.

A Moody's spokesman said the ratings agency declined to commentbecause there are no obvious credit implications to draw from theboard appointments.

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