Printed from BusinessInsurance.com

FOPI gives green light to SCOR/Converium deal

Posted On: Jun. 28, 2007 12:00 AM CST

BERN, Switzerland—The Swiss Federal Office of Private Insurance, FOPI, has given approval to the proposed acquisition by SCOR S.A. of Zug, Switzerland-based Converium Holding Ltd.

The regulator gave the go-ahead for the indirect acquisition of 50% of Converium's share capital by SCOR.

Paris-based reinsurer SCOR's offer for its Swiss rival runs until July 9.