Converium has announced that for the January renewals it wrote an estimated non-life premium volume of around $1.13bn, down less than 3%.
The company said it expects total gross premiums written for 2006 of $1.8bn to $1.9bn.
Inga Beale, Converium's new chief executive, said: “I am very pleased with this year's renewals. Our underwriting professionals have again done a superb job in maintaining the Converium franchise, in a general market environment which was less favorable than many of us would have expected immediately after the major US hurricanes struck last year.”
