of 1 million of its shares.

ESG Re Limited yesterday announced the completion of its stock repurchase programme which was announced on October 6.

On December 20, 1999, ESG's Board of Directors authorised the repurchase of an additional 1,000,000 shares.

To date, ESG has repurchased a total of 2,289,100 common shares of the 2,696,190 authorised for repurchase.

ESG Re Limited provides medical, personal accident, credit life and special risks reinsurance to insurers and selected reinsurers on a world-wide basis.

The company says it distinguishes itself by offering "intelligent reinsurance'' products and services that help its ceding clients to better manage their risks.

These include software solutions to particular underwriting problems, actuarial support, product design, and, in the field of medical expense reinsurance, loss prevention and disease management.