STATE
CONNECTICUT
INSURANCE DEPARTMENT
NOTICE OF PUBLIC HEARING
CONCEKNING THE PROPOSED ACQUISITION OF CONTROL O F
CONVERIUM IlEINSURANCE (NORTH AMERICA) INC., a Connecticut insurance
company
BY
NATIONAL INDEMNITY COMPANY, a Nebraska domiciled insurance company
Notice is hereby given that the Insurance Commissioner of the State of Connecticut will conduct
a public hearing on November 30, 2006 at 10:OO a.m. in room 701 at the Connecticut Insurance
Department, 7th Floor, 153 Market Street, Hartford, CT. The hearing will be conducted pursuant
to sections 3 8a- 129 through 3 8a- 140, 4- 166 through 4- 184, as applicable, of the Connecticut
General Statutes; and sections 38a-8- 1 through 38a-8-104, and 38a-138-1 through 38a- 138-1 6, as
applicable, of the F.egulations of the Connecticut State Agencies. The hearing will include a
period devoted exclusively to public comment. Persons interested in being designated a party or
intervenor should consult sections 38a-8-48 and 38a-8-49 of the Regulations of the Connecticut
State Agencies.
The public hearing is being held on the question of granting approval pursuant to section 38a-
132(b)(l) of the Coilnecticut General Statutes of the application of NATIONAL INDEMNITY
COMPANY, a Nebraska domiciled insurance company (the "Applicant") dated October 27,
2006 as amended an.d restated (the "Application"). The Application requests the Insurance
Commissioner's approval, as required by section 38a-130 of the Connecticut General Statutes, of
the proposed acquisition of control of CONVERIUM REINSURANCE (NORTH AMERICA)
INC., a Connecticul- insurance company.
The proposed acquisition of control of Converium Reinsurance (North America) Inc. (CRNA), if
approved, will be effected pursuant to Stock Purchase Agreement, dated October 16, 2006, by
and between National Indemnity Company, and Converium AG (the "Agreement"). CRNA is a
wholly owned subsidiary of Converium Holdings (North America) Inc., a Delaware corporation,
which is a wholly owned subsidiary of Conv