The flotation of Converium, Zurich Financial Services' third-party reinsurance business was boosted by ringfencing the company's exposure to losses related to the World Trade Center attacks, as shares priced just above the middle of the bookbuilding range.

Converium's exposure was capped at to $289m (€324.5m), with any other losses taken on by Zurich Financial Services.

Converium IPO gets boost from WTC-related ringfencing

Shanny Basar

Zurich Financial Services

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