Converium has announced that Paolo De Martin and Andreas Zdrenyk have been appointed as new members of the company's global executive committee.

Paolo De Martin is currently chief financial officer of GE Frankona group, based in Munich.

Andreas Zdrenyk currently serves as Converium's interim chief financial officer. As the new chief operating officer, he will be responsible for operations management including Information Technology.

Inga Beale, CEO, said: "Paolo De Martin's distinct global leadership experience and specific expertise in all relevant finance areas, including rating agency relations and regulatory matters, will boost our efforts to complete Converium's turnaround and to re-establish the Company as one of the world's top ten reinsurance players.

"Andreas Zdrenyk has successfully managed our finance function in a very challenging transition period, which also saw the restatement of prior year financial accounts. I am pleased that Andy will now take on the new role of COO, enabling Converium to benefit from his vast experience in operational management."