CHR Scor Hldg Switzerland Ltd

Shareholder Reminder: The Deadline to Join the Securities Class Action Filed Against Converium Holding AG As a Potential Lead Plaintiff Is December 3, 2004 (CHR) NEW YORK, Nov. 4 /PRNewswire/ -- Zwerling, Schachter & Zwerling, LLP ("Zwerling Schachter") has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased securities (ADSs) of Converium Holding AG ("Converium" or the "Company") (NYSE:CHR) between December 11, 2001 and July 20, 2004, inclusive (the "Class Period"). The deadline to file a motion seeking to be appointed lead plaintiff is December 3, 2004. If you wish to discuss this action or have any questions concerning your rights and interests with respect to this securities litigation matter, please contact Zwerling Schachter (Shaye J. Fuchs, Esq. or Jayne Nykolyn) at 1-800-721-3900 or by e-mail at or . For more information about class action cases and Zwerling Schachter, please visit our website: http://www.zsz.com/. The complaint charges that Converium and two of its officers, Dirk Lohmann, and Martin Kauer, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, it alleges that the defendants failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (a) that Converium maintained inadequate loss reserves in its Converium North America subsidiary; (b) that the Company did not, as it had announced, establish adequate loss reserves to cover claims by Converium North America policy holders; (c) that reserve increases announced by the Company during the Class Period were materially insufficient; and (d) as a consequence of the understatement of loss reserves, Converium's earnings and assets were materially overstated during the Class Period. On July 20, 2004, the Company announced that its second quarter results would be impacted by a reserve strengthening for US casualty business and subsequent asset impairments on the balance sheet of Converium North America. On this disclosure, shares of Converium collapsed $11.12 per share, or approximately 44 percent, on July 20, 2004, to close at $13.90 per share. If you purchased Converium's securities (ADSs) between December 11, 2001 and July 20, 2004, you may apply to serve as lead plaintiff. The lead plaintiff is responsible for overseeing the prosecution of the action and ensuring that the interests of the class are protected. You may apply to be appointed lead plaintiff through Zwerling Schachter. Zwerling Schachter concentrates in prosecuting class actions nationwide on behalf of investors. The firm currently plays a leading role in numerous major securities and complex commercial litigations pending in federal and state courts and has offices in New York City, Uniondale, New York, and Seattle, Washington. The firm has been recognized by courts throughout the country as highly experienced and skilled in complex litigation, particularly with respect to federal securities class action litigation. DATASOURCE: Zwerling, Schachter & Zwerling, LLP CONTACT: Shaye J. Fuchs, Esq., , or Jayne Nykolyn, 1-800-721-3900, , both of Zwerling, Schachter & Zwerling, LLP Web site: http://www.zsz.com/

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