Swiss-based Converium recorded successful renewals of its non-life treaties as of April 1st. The Company said it "bound non-life contracts of US$ 272.2 million or 99.5 percent of the business that was up for renewal. This result is fully in line with previously stated expectations."

Converium also said that it had renewed "some smaller Latin American and US casualty portfolios." However, it also claimed that: "Consistent with its underwriting strategy Converium chose not to renew US casualty business. Not taking into account this US book of business, overall premium volume from the April 1st renewal has increased by 3.7 percent."