Converium Names Beale as CEO

December 14, 2005

The Board of Directors of Converium Holding Ltd. has appointed Inga Kristine Beale (42) as the new chief executive officer of Converium.

A British citizen, she is currently CEO and chairman of the board of management of GE Frankona Ruckversicherungs-AG, Munich, Germany, as well as the leader of GE Insurance Solutions’ Property & Casualty reinsurance business written in Continental Europe, the Middle East and Africa.

Beale will take up her new role at Converium early 2006, replacing Terry Clarke. Clarke, member of the Board of Converium Holding Ltd, took over as CEO at the end of February 2005.

After business studies in Newbury, U.K., Beale joined the Prudential Assurance Company in London as an underwriter specializing in international reinsurance. In 1987, she became an Associate of the Chartered Insurance Institute (ACII). She joined GE Insurance Solutions, formerly Employers Re, in 1992, assuming a number of managerial roles. In 2001, Inga Beale was promoted to Global Underwriting Leader for GE Insurance Solutions at the global headquarters in Kansas City, USA. In 2003, she relocated to Paris, taking responsibility for the Property & Casualty reinsurance business throughout Continental Europe, the Middle East and Africa. In October 2004, Inga Beale was appointed CEO and Chairman of the Board of Management of GE Frankona Ruckversicherungs-AG, Munich.

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