Dr. Jurgen Forterer, CEO of R+V Versicherung, Wiesbaden, has resigned from the Board of Directors of Converium Holding Ltd. effective September 29, 2004.
A company bulletin said his decision is directly related to the Group’s announcement that it will “focus on small and medium-sized clients in Europe” in the future (see IJ Website Sept. 29).
Forterer explained that the decision would lead to direct competition with the reinsurance business of R+V Versicherung. In order to avoid any conflict of interest he has decided to step down from his position as a member of Converium’s Board.
Forterer has been a Board member since Converium’s Initial Public Offering, and the company expressed its thanks for “his valuable contributions.”
Was this article valuable?
Here are more articles you may enjoy.
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
