US energy giant Enron claimed another victim as Converium announced it has potential exposure to the failed company.
Converium estimates its maximum net pre-tax exposure under existing reinsurance contracts is approximately $67m. On a post-tax basis, the company said its maximum exposure could be $48m.
The Zurich-based reinsurer said the exposure was principally from credit and surety business, and to a minor degree its liability lines, in Converium Zurich and Converium North America.
As of today, however, no claims or losses from Enron's collapse had been reported, the company said.
