Both will be promoted to senior vice president of the holding company.

Headquartered in New York, ZRC, through its operating subsidiary, is the principal underwriting affiliate of the Zurich Insurance Company in the North America market for property and casualty insurance.

ZRC is 58 percent owned by Bermuda-based holding company Zurich Centre Holdings and 42 percent publicly-held.

Mr. King will become chief facultative underwriting officer and Ms Reid has been named chief treaty underwriting officer.

Prior to joining ZRC in 1993, Mr. King was with Skandia American Reinsurance Corp.

Ms Reid, prior to joining ZRC in 1993, was with General Reinsurance Corp. for 16 years.

The appointments were made after senior vice president and chief underwriting officer Mr. Mark Mosca resigned to join a new unaffiliated reinsurance company.

Mr. Carlos Rego has been appointed trainee assistant manager at the MarketPlace. Mr. Rego joined the Island's largest grocer as a bakery assistant in December 1988 and was eventually promoted to produce clerk.

With dedication and commitment to providing quality produce and service, he was later promoted to produce manager, before his latest promotion to the management team.