AM Best has affirmed the financial strength rating of B++ (very good) and issuer credit rating of “bbb+” of Converium AG and its main subsidiaries.
The outlook for all ratings remains stable.
AM Best said Converium's ratings reflected its very good risk-adjusted capitalisation, a gradual anticipated recovery in performance and good client retention in its core markets in Continental Europe.
However, it added that the continuing potential for reserve volatility and some uncertainty as to strategic direction caused by the absence of executive managers in certain key company roles were acting as offsetting factors.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
