OTHER NEWS - May 21, 1993

Exec Life Holders Get $20-Million Sweetener: The French group seeking to complete the purchase of failed Executive Life Insurance Co. has added $20 million to the reserves for “structured settlement” annuitants. The deal affects 5,000 severely injured people who, in legal settlements, received Executive Life annuities to cover their ongoing medical care. The $20 million is to restore value that they lost when an appeals court threw out an earlier rehabilitation plan for the insolvent insurer. Because of the deal, a group representing the annuitants said it supports the revised plan.