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Reweb - Converium reports mixed results.
(From Reinsurance)
Converium has reported mixed results for 2003, although it still made a substantial profit. The company's fourth quarter 2003 profits were down slightly on the previous year's figures, with net income of $56.2m, compared to the $80.8m it made over the last quarter of 2002. However, net income for 2003 as a whole came to $185.1m, a rise of 73.3% on the $106.8m it made on 2002. The amount of net premiums written over the fourth quarter of 2003 was also down, at $855.7m, ...
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