A.M. Best Co. issued a brief comment on the earnings announcement from the Swiss-based Converium Group (See IJ Web site Feb.17), indicating that the “consolidated 2003 year-end financial performance of Converium Group falls within expectations.”
Best added that “The financial strength rating of “A” (Excellent) of Converium and its core subsidiaries remains unchanged and the rating outlook remains stable. The ratings were last affirmed on August 29, 2003.”
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