FOPI gives green light to SCOR/Converium deal
Posted On: Jun. 28, 2007 12:00 AM CSTBERN, 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.