Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Swiss-based reinsurer Converium has rejected a 3.1 billion Swiss franc ($2.5 billion U.S.) unsolicited bid for the company from French reinsurer SCOR.

In a statement, Converium said its board of directors said the bid was not in the best interest of the company’s shareholders or customers. It rejected the bid because “it fundamentally fails to recognize the value of Converium’s franchise and growth prospects.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.