CONVERIUM INSURANCE (NORTH AMERICA) INC (SEE NATIONAL INDEMNITY)

(402) 916-3000

Claims: (800) 356-5750

Swiss-based reinsurer Converium AG has reached agreement with National Indemnity, a Berkshire Hathaway company, to sell its North American operations for $295 million comprised of $95 million in cash and $200 million in assumption of debt. Converium said it “has not provided any guarantee or indemnity in respect of the reserves of the North American operations. The transaction is subject to regulatory approvals and customary closing conditions.

This info was last verified on 2/27/2011. If this information is incorrect please contact us and let us know so that we can make any required changes.