Ingersoll-Rand Names Timothy R. McLevish Chief Financial Officer

Newly incorporated Bermuda company Ingersoll-Rand Company Limited, a leading diversified industrial firm, announced that Timothy R. McLevish has been named senior vice president and chief financial officer of the company, effective May 1, 2002.

Previously, Mr. McLevish served as vice president and chief financial officer for Mead Corporation. "Tim brings a wealth of global financial and operational experience to IR, and possesses the demonstrated leadership to help guide our company as we implement our aggressive growth plan," said Herbert L. Henkel, chairman, president and chief executive officer.

"Tim's career has spanned leadership roles in every financial discipline, and includes extensive operations management and oversight of administrative systems and business services. We are extremely pleased to have Tim's expertise and proven talent as part of IR's leadership team."

Mr. McLevish, 47, joined Mead in 1987 as manager, business analysis. He progressed through several Mead businesses, including Zellerbach Paper Company, Mead Coated Board Europe and Mead Data Central, serving in finance, administration and general manager assignments until being named president and general manager of Mead's Specialty Paper Division in 1993.

In 1998, McLevish was appointed vice president and treasurer. In 1999, he assumed the additional role as corporate controller, and later that year was named vice president and chief financial officer of Mead. Mr. McLevish holds a bachelor's degree in accounting from the University of Minnesota and an MBA from Harvard Business School. In addition, Mr. McLevish is a certified public accountant. IR is a leading innovation and solutions provider for the major global markets of Security and Safety, Climate Control, Industrial Solutions and Infrastructure.

IPC Holdings, Ltd. Elects New Officer

Bermuda insurer IPC Holdings, Ltd. announced that John R. Weale had been elected Senior Vice President of IPC Holdings, Ltd. and IPCRe Limited.

Mr. Weale joined the Company in July 1996 as Vice President and Chief Financial Officer of both companies. IPC Holdings, Ltd., through its wholly-owned subsidiary IPCRe Limited, provides property catastrophe reinsurance and, to a limited extent, marine, aviation, property-per-risk excess and other short-tail property reinsurance on a worldwide basis.

Emerald Financial group hosts free seminar about Legg Mason's top market performing fund

Emerald Financial Group has said it is urging investors and potential investors to attend a free seminar entitled 'Winning Investment Strategies in Uncertain Times' featuring Legg Mason, whose Value Trust flagship fund is the only fund to outperform the S&P 500 over the past 11 years, the company said.

The seminar will take place on May 1st at the Elbow Beach Hotel from 5.30 - 6.30pm. Vice President of Legg Mason Offshore Funds, Fernando Franco Franco will be talking about the Legg Mason approach in outperforming the market in both good and bad times; proven income fund alternatives to low yielding savings accounts and bonds; he will also talk about Value Trust's fund manager Bill Miller who has been awarded 'Manager of the decade' by Morningstar.com1 and also, how to increase the safety of your principal while investing in stock markets. There will be a question and answer session with Fund Co-Manager Mary Chris-Kay after the presentation.

For more information about the seminar or to email seminaremerald.bm.

ACE Limited To Webcast Its First Quarter Earnings Conference Call On May 1, 2002

ACE Limited said it expects to issue its first quarter earnings release on Wednesday, May 1, 2002.

ACE will also host a live webcast of its first quarter earnings conference call the same day, beginning at 9:30 a.m. EDT. A live webcast of the earnings conference call will be available at http://www.acelimited.com.

Please refer to our website in the Investor Info section under Notices and Events for log-in details. A replay of the webcast will be available following the live webcast on Wednesday, May 1, 2002 until Monday, June 3, 2002 at 11.30 p.m. EDT.

Additional information can be found at: http://www.acelimited.com.

XL Capital Ltd to Announce First Quarter Results on Monday, April 29, 2002

XL Capital Ltd intends to release its first quarter results after the close of regular stock market hours on Monday, April 29, 2002.

The company will hold its quarterly conference call for investors and analysts at 10:00 a.m. Eastern Time on Tuesday, April 30, 2002.

A live online webcast of this call will be available at http://www.xlcapital.com and will be archived on XL's website from approximately 1:00 p.m. Eastern Time on April 30, through midnight Eastern Time on May 30, 2002. A telephone replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on April 30 until 8:00 p.m. Eastern Time on May 6 by dialling (719) 457-0820, passcode 765636.