US energy giant Enron claimed another victim as Converium announced it has potential exposure to the failed company.
Converium estimates its maximum net pre-tax exposure under existing reinsurance contracts is approximately $67m. On a post-tax basis, the company said its maximum exposure could be $48m.
The Zurich-based reinsurer said the exposure was principally from credit and surety business, and to a minor degree its liability lines, in Converium Zurich and Converium North America.
As of today, however, no claims or losses from Enron's collapse had been reported, the company said.
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.
