Fitch Ratings downgraded Converium's insurer financial strength rating to BB+ from A-.

The rating action follows Converium's announcement on the 10 September 2004 that it intended to place its US operations into run-off and that it would no longer underwrite business from the United States.

Converium does intend to underwrite US exposures from its operations in Zurich and Bermuda. In addition, the company is currently reviewing all options with its banks regarding the proposed rights issue that was announced on 3 September 2004.


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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.