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.
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
