Converium Holding AG
|
| Company Information |
| Address |
Baarerstrasse 8
6300 Zug |
| Country |
Switzerland |
| Phone |
+41 (0) 1 639 90 22 |
| Internet |
www.converium.com |
| Business Sector |
Insurance |
| Brief Overview |
Converium is a global lead reinsurer for all major lines of nonlife and life reinsurance. The Company is a Spin off of Zurich Financial Services Group. |
| |
| People |
| Chief Executive Officer |
Dirk Lohmann |
| Chief Financial Officer |
Martin A. Krauer |
| Chairman of the Board |
Terry G. Clarke |
| Auditors |
PricewaterhouseCoopers, Zurich |
| No. of Employees |
800 |
| |
| Going Public |
| Exchange |
Swiss Exchange |
| IPO Date |
December 11, 2001 |
| Share Identification Number |
1299771 |
| Symbol |
CHRN |
| Subscription Period |
11,20,2001 to 12,10,2001
|
| Lead Underwriter |
UBS Warburg |
| Underwriters |
Merill Lynch International, Banc of America Securities Limited, Fox-Pitt, Kelton, Schroder Salomon Smith Barney. |
| Price Range |
72 to 90 |
| Total No. of Shares in Issue after Going Public |
40,000,000 |
| No. of Offered Shares |
35,000,000 |
| Greenshoe |
5,000,000 |
| Total No. of Issued Share
(inkl. Greenshoe) |
100% |
| Lock Up for Holders of Non-Issued Shares |
Zurich Financial Services and Converium's executive officers and directors: 270 days. |
| Firm Offer Price |
CHF 82 |
| Expected Market Cap. |
CHF 3,280
Mio. |
| First Day Close |
CHF 82 |
| |
|
|
| Last Fiscal Year End Date Prior to Going Public |
December 31, 2000 |
|
Change Compared to Prior Year
|
| Turnover 2000 |
|
| Turnover 1999 |
|
| Turnover 1998 |
1,586,500 |
|
Change Compared to Prior Year |
| Profit Before Tax 2000 |
|
| Profit Before Tax 1999 |
|
| Profit Before Tax 1998 |
178,300 |
|
Change Compared to Prior Year |
| Company Profit 2000 |
|
| Company Profit1999 |
|
| Company Profit 1998 |
116,300 |
| |
|
| Company Profit
2000 reflects |
-1.4 % of Turnover |
| Company Profit
1999 reflects |
3.4 % of Turnover
|
| Company Profit
1998 reflects |
7.3 % of Turnover |
| |
|
| Equity on Last Balance Date |
1,088,400 |
| Total Assets |
8,321,300 |
| Ratio of Equity to Total Capital on Balance Date |
13.1 % |
| Last Return on Equity (ROE) |
-2.7 % |
| |
| Notes |