the nuclear risk market.

ACE is providing through its Lloyd's managed syndicates 60 million (US$97.8 million) in capacity to the British Insurance (Atomic Energy) Committee. The committee manages the British Nuclear Pool, established in 1956. The pool provides about a quarter of the worldwide capacity for the nuclear energy industry.

ACE will end up providing 12 percent of the capacity currently assumed by pool member companies and syndicates. The agreement will result in coverage for nuclear liability and material damage worldwide.

ACE Global Markets chief executive officer John Charman said the company hopes to further develop the initial involvement with the nuclear insurance industry. He said ACE was also looking at the possibility of supporting safety research in the nuclear industry to better evaluate risks.

ACE Global Markets manages one of the largest agency groups at Lloyd's with about $1.04 billion in capacity for the 1999 year of account.

CHUBB ATLANTIC INCREASES INTERNET CAPABILITY BUC Chubb Atlantic increases Internet capability Bermuda-based Chubb Atlantic Indemnity Ltd. has entered the Internet age.

Customers and brokers can now send inquiries and report claims through the Internet.

"Our new E-mail claim facility is only the most recent step we've taken to provide customers and brokers with innovative tools to streamline the insurance transaction,'' Chubb Atlantic president Chris Longo said. "Chubb Atlantic's increased Internet capability not only allows us to reduce costs for the ultimate benefit of the insurance buyer but also allows us to better respond to the needs of the worldwide insurance market.'' Chubb Atlantic is a wholly owned subsidiary of Chubb Corp., a US-based property and casualty insurance company with $20 billion in assets.

GARRY CULLEN APPOINTED MANAGING DIRECTOR APP Garry Cullen appointed managing director Garry Cullen has been appointed as managing director of International Risk Management (Dublin) Ltd., a subsidiary of Bermuda-based International Risk Management Group Ltd. (IRMG).

Mr. Cullen previously served as managing director of Sedgwick Management Services in Dublin where he helped develp a substantial European client base including the first licenced Dublin-based captive, according to IRMG.

Prior to joining Sedgwick, Mr. Cullen worked at Factory Mutual International, Coyle Hamilton Broking, and the Sun Alliance Group.

BANK WITHDRAWS FUND FROM LISTING ON BSX STK Bank withdraws fund from listing on BSX The Bank of Bermuda has withdrawn the Hong Kong dollar class money fund from listing on the Bermuda Stock Exchange. Owing to lack of interest in the class, the bank had closed subscriptions to the fund in October 1997 and then wound it up last year once all remaining investors had taken their money out.