Odyssey America Reinsurance

Application for the appointment of a Commissioner to collect evidence - pursuant to a request for judicial assistance from Paraguay - for a criminal investigation into El Comercio Paraguayo S.A. for suspected insurance fraud.

The net insolvencies of two former operating subsidiaries of Bermuda-based Mutual Risk Management Ltd. rocketed from $334.3 million to $852.6 million in 2006, according to their liquidator. The deficits of Legion Insurance Company and Villanova Insurance Company increased from $225.3 million to $614 million and from $109 million to $238.6 million, respectively, during the year.