Cheer Holding, Inc. (NASDAQ:CHR)
Industry: Advertising Agencies

Listed 3 Consecutive Market Days. On List as of 05/17/2006 Through 05/22/2006

Converium Holding AG (Converium) is an international reinsurer that offers a range of non-life and life reinsurance products to help its target clients manage capital and risks. In non-life reinsurance, its lines of business include general third party liability, motor, personal accident (assumed from non-life insurers), property, agribusiness, aviation & space, credit & surety, engineering, marine & energy, professional liability, and other special liability and workers' compensation. In life & health reinsurance, its lines of business include life & disability reinsurance and accident & health. Converium's business is organized around three operating segments: Standard Property and Casualty Reinsurance, Specialty Lines, and Life and Health Reinsurance, which are based principally on global lines of business, in addition to a Run-Off segment. The Run-Off segment was established, during the year ended December 31, 2005, to handle all business, both life and non-life, originating from Converium Reinsurance (North America) Inc. (CRNA) and Converium Insurance (North America) Inc. (CINA), excluding the United States originated aviation business written through CINA. Standard Property & Casualty Reinsurance The Standard Property & Casualty Reinsurance segment comprises general third party liability, motor, personal accident (assumed from non-life insurers) and property lines of business. The segment focuses on partnership-oriented professional reinsurance buyers in the markets Europe, Latin America and Asia. Converium provides a range of coverage for reinsurance of industrial, manufacturer, operational, environmental, product and general third-party liability. It provides liability coverage on both a proportional and non-proportional basis. Motor insurance can include coverage in three major areas: liability, physical damage and accident benefits, for all of which the Company provides reinsurance coverage. Liability insurance provides coverage payment for injuries and for property damage to third parties. Physical damage provides for payment of damages to an insured automobile arising from a collision with another object or from other risks, such as fire or theft. Accident benefits provide coverage for loss of income and medical and rehabilitation expenses for insured persons who are injured in an automobile accident, regardless of fault. The Company provides accident coverage for various business lines, including personal accident and travel accident. Converium reinsures liability for physical damage caused by fire and allied perils, such as explosion, lightning, storm, flood, earthquake and for costs of debris removal, as well as coverage of business interruption and loss of rent as a result of an insured loss. Other sublines of Property reinsurance include cover for hail, burglary, water damage and glass breakage. Specialty Lines The Specialty Lines segment includes the agribusiness, aviation & space, credit & surety, engineering, marine & energy, professional liability and other specialty liability, and workers' compensation lines of business. Converium provides covers for specific named perils, traditional crop hail and bundled risks. These covers can apply to almost any product in the food and fiber chain: commodity crops, specialty crops and animal crops. The Company provides reinsurance of personal accident and liability risks and hull damage in connection with the operation of aircraft and coverage of satellites during launch and in orbit. The Company's credit coverage provides reinsurance for financial losses sustained through the failure for commercial reasons of an insured's customers to pay for goods or services supplied to them. Its surety business relates to the reinsurance of risks associated with performance bonds and other forms of sureties or guarantees issued to third parties for the fulfillment of contractual obligations. Converium writes all lines of engineering risks, including project risks (construction all risk and erection all risk

Current Quote*
Last: $1.890
Change: -1.000
Book: $Unk
Volume: 65,316

As Of: 06/12 16:02 ET
*Quotes delayed by 20min.

BuyIns.Net Alerts for Symbol CHR

Graphs for CHR


3 Month Graph


6 Month Graph


1 Year Graph