nightclub owners over the past several years. But businessmen Rick Olsen , owner of The Beach, and Kevin Burrows are hoping to reverse that streak by reminding people of the golden days when the nightclub was fondly known by patrons as "Forty''.

They have named their new night spot Club 40 and plan to open in just over a month's time with an all new look, which they hope will attract a mature crowd, or, all those Forty Thieves Club and Disco 40 patrons who've been staying in too much of late.

"We got an excellent deal on the premises and we feel there's definitely the market out there for a different nightclub venue that is perhaps larger than the Club and offers something for the more mature crowd,'' Mr. Olsen said.

"We plan to maintain high dress code and service standards and the music we play will be 70s, 80s and top 40 stuff, none of that new reggae or techno music. We want to remind people of the golden days back when it was Forty.'' Hours will be 9 p.m. to 3 a.m. with an earlier happy hour on Fridays. Mr.

Burrows will be the club's general manager.

KAILE PROMOTED APP Kaile promoted Canadian Pacific has promoted the boss of its Hamilton Princess hotel property.

Michael Kaile , who came to Bermuda to manage the city hotel last year following CP's purchase of both it and the Southampton Princess , has been appointed vice president. He will continue his role as general manager of the hotel which is due for major renovations soon, as is the Southampton Princess.

ACE PROMOTES FISHER APP ACE promotes Fisher ACE Bermuda has promoted Christopher Fisher to vice president in the property division. Mr. Fisher joined the international insurance group in April, 1995 as an assistant underwriter in excees liability. He was later promoted to underwriter and after a year's secondment to ACE's Lloyd's syndicate in London he returned to Bermuda and was promoted to asstistant vice president-property.

Prior to joining ACE he worked at BF&M Insurance as an assistant manager. Mr.

Fisher also serves on the Bermuda Insurance Institute's education committee.

FOCUSING ON MATHS CON EDC Focusing on Maths The Bermuda College in collaboration with the international business commuity here is sponsoring an international conference called The Future of Mathematics in Business in October at the BUEI. A top panel of speakers including academics, investment bankers and insurance executives will be discussing mathematical applications for the financial services including banking and the insurance industry.

A Bermuda Insurance Institute spokesman said the conference is also aimed at general audiences and is suited to staff, managers or CEOs seeking an accessible survey of the use of mathematical models in finance and insurance.

The Bermuda-based speakers include John Burville of ACE, David Ezekiel of AIS, Sven-Holger Friis from KPMG and Ronald Layard-Liesching of XL Capital's Pareto Partners.

TYCO WINS PRAISE BUC Tyco wins praise Bermuda-based global industrial, security and telecoms giant Tyco International Ltd. has made Industry Week's fourth annual list of the world's 100 best-managed companies.

The companies were taken from the Industry Week 1000, a list of the world's largest publicly held manufacturing companies based on revenues. Companies were selected based on financial performance, a questionnaire they filled out, research into the company's practices in areas of philanthropy and safety and voting by a distinguished panel.

RSL NAMES NEW COO APP RSL names new COO Bermuda-based RSL Communications , a long distance phone and Internet company controlled by cosmetics heir Ronald Lauder , has named Donald Shassian chief operating officer.

The company is seeking to reorganise management and business to control costs and move closer to profitability. He was most recently the CFO in the company's New York headquarters. The company has not made a profit since it first sold shares to the public in October 1997.

*** If you would like to make a submission to Company Moves, appearing each Friday, please bring it to the attention of Marina Esplin-Jones by calling 295-5881, faxing 292-2498 or e-mail editorial ygazette.newsmedia.bm Glory Days: The once popular Forty Thieves Club and Disco 40, which has since been Scandal and the Odyssey nightclub, is getting part of its old name back when it is renamed Club 40.

CP Princess Hotel promotion: Michael Kaile ACE Ltd. promotion: Christopher Fisher BUSINESS BUC