Liability Risk and Insurance
Converium in fronting arrangement over GAUM pool
Converium has completed an aviation fronting arrangement with
National Indemnity Company and
Munich Re, which ensures
Converium’s continued participation in the pool of
Global Aerospace Underwriting Managers Limited (
GAUM) until September 30, 2006. The business needs to be fronted due to
Converium’s current financial strength ratings.