McLennan and Fund America, will be issued 3.4 million shares.

The move results from exercise of options and agreements between Mid Ocean and the three sponsors when the property catastrophe reinsurer was set up.

Earlier this month, Mid Ocean reported year profit of $211.6 million compared to $182.9 million, a 16 percent increase.

LASALLE RE ANNOUNCE DIVIDEND BUC LaSalle Re announce dividend LaSalle Re Holdings Ltd., recently announced a 71 cent per share dividend on the company's common stock.

Previously, the company paid a dividend of 25 cents per share.

The dividend is payable January 16 to shareholders of record January 2.

LaSalle Re writes high severity, low frequency reinsurance, primarily property catastrophe reinsurance.

ALEA LTD. POSTPONES LSE LISTING BUC Alea Ltd. postpones LSE listing Bermuda-registered lottery operator Alea Ltd. has opted to postpone a London Stock Exchange listing.

Alea, registered at law firm M.L.H. Quin & Co., is one of a handful of entities that recently postponed London listings. An advisor to one cited a mediocre investment climate for small companies.