Exhibit 7.1

Ratio of earnings to fixed charges

The ratio of earnings to fixed charges is calculated by dividing earnings by fixed charges. Fixed charges consist of interest expense and the interest portion of rental expense.

		Year ended December 31,
		2002		2001			2000			1999		1998
Income (loss) before taxes			57.4		(537.3	)		(48.8	)		98.4		178.3
Fixed charges:
	Interest expense		16.4		24.2			17.1			17.5		16.1
	Interest portion of rental expense		439		3.6			3.4			2.5		2.5
Income (loss) before taxes plus fixed charges			78.7		(509.5	)		(28.3	)		118.4		196.9
Fixed charges:
	Interest expense		16.4		24.2			17.1			17.5		16.1
	Interest portion of rental expense		4.9		3.6			3.4			2.5		2.5
			21.3		27.8			20.5			20.0		18.6
Ratio of earnings to fixed charges			3.7		(a)			(b)			5.9		10.6

(a)	The ratio coverage is less than 1:1. Converium would need to generate additional earnings of $537.3 million to achieve a coverage ratio of 1:1.
(b)	The ratio coverage is less than 1:1. Converium would need to generate additional earnings of $48.8 million to achieve a coverage ratio of 1:1.