of Marvell Technology Group Ltd., a Bermuda-based company that designs, develops and markets integrated circuits for communications providers.

Marvell's options will enter trading next Wednesday and will trade on the February expiration cycle with introductory expirations in January, February May and August.

Initial strike prices have been set at $12.50, $15 and $17.50. Knight Financial Products has been named the designated primary market maker in the options.

Marvell was one of three high-tech companies approved for listing by the CBOE yesterday. The company's products provide an interface between analogue and digital signals and are applied to the broadband data communications market.

CBOE is the world's largest options market and creator of listed options.

Shares in Marvell gained $3 1/16 on the NASDAQ yesterday to close at $22 3/16.

*** ACE reinvestment plan ACE Limited announced on Wednesday that it has established a dividend reinvestment plan, allowing shareholders to purchase additional shares automatically with their dividend earnings.

ACE said there would be no service fees or brokerage commissions associated with the purchases and ordinary shareholders would soon receive information and enrollment cards.

The company's shares traded up 1/8 on the New York Stock Exchange yesterday, closing at $42.75.

Questions about the new plan should be directed to the Plan Administrator at the Bank of new York on 1 880 524 4458.

*** New role for Oleskik Bermuda-based reinsurance firm ESG Re announced on Wednesday that Mark Oleskik will take on the position of senior financial officer of the company, according to the financial news website newstraders.com.

Mr. Oleskik, who is currently ESG's controller and chief accounting officer, will officially assume the position next Monday, January 1.

The position was previously held by Najib Nathoo, who will continue with ESG as a consultant to chief operating officer Alisdair Davis, as well as Oleskik, newstraders.com said. Mr. Nathoo will help develop and implement the firm's new business strategy and assist with external and internal investor relations and communication.

Shares in ESG gained 1/8 on the New York Stock Exchange yesterday to finish at $2 1/16.