Sirius International Insurance Corp.

Chapter 11 Petition by Emergent Capital Inc., formerly known as Imperial Holdings Inc., and Red Reef Alternative Investments, LLC, both domiciled in Delaware and based in Boca Raton, Florida, at the U. S. Bankruptcy Court for the District of Delaware.

Bermuda-based finite risk reinsurer Scandinavian Reinsurance Co. Ltd., has stopped writing business, effective December 31, 2001. Scandinavian Re's poor performance contributed to a loss of $138 million for fiscal 2001 that was reported by its immediate parent company, Sirius International Insurance Corp.