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CHNA |
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A] company, entered into a definitive agreement to purchase CHNA. The under review with positive implications follows the recent announcement that Converium AG (Converium) (Zurich, Switzerland) has entered into a definitive agreement with National Indemnity Company, (Omaha, NE) a Berkshire Hathaway company, to sell CHNA, its North American operation. As a result of Converium's decision to run-off CRNA's operations and leave CINA's operations dormant, CHNA is without an actively operating subsidiary to support required interest payments, as a result Converium has been providing the capital to service CHNA's debt. |
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