Late News.(includes, Kaiser Aluminum Corp. files for bankruptcy reorganization)(Statistical Data Included)

Enron employees get say in reorganization

A group of former Enron Corp. employees has won a seat at the bankruptcy table. In response to a request from the Severed Enron Employees Coalition, U.S. Trustee Carolyn Schwartz, who is handling the company's bankruptcy proceedings, will appoint an official committee to focus on issues relating to Enron employees. The SEEC represents the more than 4,500 laid-off Enron employees. In a letter to the SEEC, Ms. Schwartz said: ``Because of issues peculiar to these cases, including the facts that there are more than 20,000 participants in the Debtors' employee benefits plans and many suits brought relating to the Debtors' 401(k) plan, I have determined that separate representation is appropriate.'' Ms. Schwartz also invited the SEEC to make recommendations concerning the composition of the employee committee.

Scandinavian Re stops underwriting

Scandinavian Reinsurance Co. Ltd., a Bermuda-based finite risk reinsurer, has ceased new and renewal underwriting after contributing to parent company Sirius International Insurance Corp.'s $138 million loss for 2001. ABB …