Converium Extraordinary General Meeting approves new Board and name
change to SCOR Holding (Switzerland) Ltd.
Zurich, Switzerland - August 30, 2007
The Converium Extraordinary General Meeting (EGM) has elected the
following members (please see www.converium.com for detailed CVs):
- Denis Kessler (55, French citizen), Chairman and Chief Executive
Officer of SCOR since November 4, 2002.
- Jean-Luc Besson (59, French citizen), Chief Risk Officer of SCOR
since July 1, 2004.
- Victor Peignet (49, French citizen), Chief Executive Officer, SCOR
GLOBAL P&C - Worldwide since July 5, 2005.
- Gilles Meyer (49, French and Swiss citizen), Director of Business
Unit 1 of SCOR Global Life since November 23, 2006
- Georges Chodron de Courcel (57, French citizen), Head of Corporate
Investment Banking at BNP Paribas and non-voting member of the Board
of SCOR.
- Jürg Marty (63, Swiss citizen), Managing Director for all common
activities of the Swiss Public Building Insurance Companies,
especially CEO of the Intercantonal Union of Reinsurance and CEO of
the Swiss Pool for Earthquake Cover.
- J. Friedrich Sauerländer (65, Swiss citizen), serving as Chairman
or Member of the Board of a number of companies and foundations.
The new members replace Converium's prior Board members, all of whom
stepped down with effect as of today's EGM.
The other agenda items for the EGM were the discharge of the current
Board of Directors and SCOR's proposition to change the name of the
company from Converium Holding AG to SCOR Holding (Switzerland) Ltd.
These agenda items were equally approved.
At today's Extraordinary General Meeting of Converium in Zurich, a
total of 20 shareholders attended the meeting, held at Converium's
headquarters, representing 143'264'212 voting shares or 97.66% of
share capital.
"With the takeover of Converium by SCOR, a successful Swiss company
is losing its independence. Converium is heading to its new owner as
a healthy company," said Markus Dennler, the departing Chairman of
the Board, in his speech to shareholders.
At the subsequent Constituent Board Meeting of Thursday, 30 August
2007, the new Board members unanimously elected Denis Kessler as the
Chairman and Jürg Marty as the Vice-Chairman of the Board of
Directors of SCOR Holding (Switzerland) Ltd.
Going forward, the constitution of the Audit Committee will consist
of Jürg Marty and J. Friedrich Sauerländer, the latter being the
Audit Committee Financial Expert in line with the Item 401 (h) of the
SEC Regulation S-K and 16A of Form 20-F.
The newly elected Board will appoint a new Executive Committee of the
Swiss Company within the next few days.
The speech given by Markus Dennler at the EGM is available on the
webpage.
Enquiries
Beat W. Werder Marco Circelli
Head of Public Relations Head of Investor Relations
beat.werder@converium.com marco.circelli@converium.com
Phone: +41 44 639 90 22 Phone: +41 44 639 91 31
Fax: +41 44 639 70 22 Fax: +41 44 639 71 31
Dr. Kai-Uwe Schanz Inken Ehrich
Chief Communication & Corporate Investor Relations Specialist
Development Officer inken.ehrich@converium.com
kai-uwe.schanz@converium.com Phone: +41 44 639 90 94
Phone: +41 44 639 90 35 Fax: +41 44 639 70 94
Fax: +41 44 639 70 35
Converium / SCOR Holding (Switzerland) Ltd.
Converium / SCOR Holding (Switzerland) Ltd. is a member of the SCOR
Group and based in Zurich, Switzerland. The Company has an "A-"
("strong") financial strength rating (outlook stable) from Standard &
Poor's and a "A-" ("excellent") financial strength rating (outlook
stable) from A.M. Best Company.
