What’s New: In Brief (April 17, 2007)

The Women in Insurance Cancer Crusade (WICC) Ontario Chapter has issued a call for golfers to register for this years golf tournament to be held, rain or shine, on Monday, July 16th. Participants will be warming up the greens at the prestigious Angus Glen golf courses for the pros who will compete in the Canadian Open one week after the WICC tournament. On a first-come, first-serve basis WICC will provide the opportunity to play on the Champion North Course in a Texas scramble format. The course will also provide some interesting challenges to the avid golfer including higher roughs and faster greens. Entry fees will include a handsome registration gift, BBQ lunch, cocktail reception and dinner. Visit www.wicc.ca for more details or to register.

Converium Holding AG has launched a lawsuit against SCOR S.A. and Patinex AG alleging violations of United States securities laws following an unsolicited tender offer from SCOR. The complaint alleges that SCOR has unlawfully and unfairly excluded Converiums United States shareholders, a group which we believe represents approximately 22% of Converiums outstanding shares, from participating in SCORs unsolicited tender offer, says a Converium statement. As well, Converium alleged that the defendants, failed to make proper disclosures in connection with their purchase and ownership of Converium securities.