Bank of N.T. Butterfield & Sons Ltd has announced two senior promotions - Lloyd Wiggan to vice president, banking and Bob Wilson to senior vice president, credit.

Both the moves are part of the bank's restructuring programme which has divided up the banks operations into two separate divisions, lending and deposit taking.

This move put all lending, both corporate and private, under a single department and all credit and deposit taking functions into another department, banking.

“Both Mr. Wiggan and Mr. Wilson have been doing outstanding jobs and have for some time held responsibility at senior vice president level. These promotions are well deserved,” said Calum Johnston, president and chief executive officer of the bank.

“As lending and deposit taking are the backbone of our business, it is imperative that these areas have a voice at the senior management table.

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ACE Ltd. gets new General Counsel

Bermuda insurance giant Ace has announced that Randi Cigelnik, General Counsel, Ace Bermuda, Ace Tempest Reinsurance Ltd. and Ace Financial Solutions International, has been appointed to the newly created position of General Counsel for Ace Europe and Ace Global Markets.

Chairman and Chief Executive Officer of Ace Ltd., Brian Duperreault, said that Ms. Cigelnik has played an integral role in managing the strategic development of Ace's Bermuda-based insurance and reinsurance companies.

“Ace has come to place a high value on Randi's good judgment and expert advice,” said Mr. Duperreault. “She's been a key team member in the growth of our finance-based risk solutions business as well as in the diversification of our reinsurance book. I'm delighted to be able to provide her with this opportunity to continue her own professional development while also contributing to Ace's growth as a premier global organisation.”

Ms Cigelnik, who was recently promoted to Executive Vice President, joined ACE in October 1995 as Vice President in the newly established Financial Lines Division at Ace Bermuda.

In October 1998, she was promoted to Senior Vice President, serving as General Counsel and Secretary. Currently, Ms. Cigelnik also serves as General Counsel and Secretary for Ace Tempest Re and Ace FSI and provides legal support to Ace Ltd..

Ms Cigelnik will report directly to Gary Schmalzriedt, President and Chief Executive Officer of Ace Europe and Ace Global Markets.

“Randi will be a great asset to our business operations in Europe,” said Mr. Schmalzriedt. “She will bring her considerable experience at ACE to her new role, providing strategic legal counsel to the ACE European management group.”

Ms. Cigelnik holds a Bachelor of Arts degree in English Literature and Economics from the University of Michigan and a Juris Doctor from Boston University's School of Law.

She is admitted to the Illinois Bar, the US District Court for the Northern District of Illinois and the Seventh Circuit Court of Appeals. Additional information can be found at: www.acelimited.com.

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XL also promotes two

Bermuda insurance giant XL Capital Ltd has announced that William Kronenberg III, Chief Executive Officer for the environmental and programs operations, has promoted two senior executives.

Richard T. Corbett, formerly Executive Vice President of ECS Underwriting, has been named President of ECS, Inc., XL's specialist environmental underwriting unit, reporting to Bill Kronenberg.

Mr. Corbett joined ECS in 1999 after 20 years with Zurich Commercial and Chubb Corporation.

Jefferey S. Lejfer, CPCU, currently Executive Vice President of ECS Strategic Services, has been appointed President of XL Programs, reporting to Kronenberg.

Mr. Lejfer served at ECS since 1991 in a variety of executive positions. Prior to joining ECS, he spent 13 years with AIG in various management and underwriting positions.

Bill Kronenberg said: “I look forward to continuing to work with Rich in his broader role and to further expanding ECS's outstanding reputation as a world leader in providing integrated environmental risk management services. Under Jeff's stewardship, I am confident that XL Programs will continue to find attractive niche program opportunities.” In addition, James F. Splain has been promoted to Executive Vice President, Risk Control at ECS and Randall E. Hobbs, Esq., to Executive Vice President, Claims at ECS, both reporting to Rich Corbett.

Richard Callahan will become Executive Vice President, Strategic Planning for XL Programs, reporting directly to Jeff Lejfer.

Nicholas Brown, Jr., Chief Executive Officer of XL's insurance operations, said: “ECS and XL Programs have been important contributors to the profitable growth of XL's insurance operations.

“Today's actions provide added focused management strength to these growing businesses. I am confident that Bill and his senior management team will continue to identify promising opportunities available in the dynamic and global insurance market.”

ECS is an underwriting manager providing integrated environmental risk management solutions to business and industry worldwide.ECS meets the diverse needs of its customers through insurance, risk control and claims management.

XL Programs writes $300 million in speciality programme business through several of XL's US based insurance companies, Greenwich Insurance Company, Indian Harbour Insurance Company and XL Speciality Insurance Company, which are rated A+ (Superior) [XV by A.M. Best and AA (Very Strong) by Standard & Poor's.

Additional information is available at: www.ecsinc.com. More information about XL is available at www.xlcapital.com.

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Bermudian becomes landscape architect

Sousa's Landscape Management Co. Ltd. has welcomed Bermudian Judith Mills to their design-build team in the capacity of Junior Landscape Architect. Judith has recently returned to Bermuda from a three-year contract as a landscape architect with well-known engineering and transportation firm, Parson Transportation Group, in their Buffalo, New York office. Previously employed with Works and Engineering during summers, Judith brings her wealth of knowledge in the field from both the local and international perspective.

Judith has designed numerous projects from historic preservations and large-scale recreation facilities, to multidimensional interactive school grounds, and parkland development plans.

She has a Bachelor of Science degree from Acadia University and a Bachelor of Landscape Architecture Degree from the University of Guelph. She is currently finishing her Master of Business Administration through Webster University. She has already taken sections of the Landscape Architectural licensing exam and will continue to work towards a full license while being a part of the Sousa's Landscape Management team.

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RenaissanceRe new appointments

RenassanceRe Holdings Ltd.announced the following management appointments:

William I. Riker has been appointed President and Chief Operating Officer of RenaissanceRe Holdings, and will retain his position as Chief Operating Officer of Renaissance Reinsurance Ltd., the principal operating subsidiary of RenaissanceRe Holdings. Prior to this promotion, Mr. Riker was Executive Vice President of RenaissanceRe Holdings.

David A. Eklund has been appointed President of Renaissance Reinsurance, succeeding Mr. Riker. Mr. Eklund will continue as Chief Underwriting Officer of Renaissance Reinsurance and as Executive Vice President of RenaissanceRe Holdings Ltd.

John D. Nichols, Jr., Senior Vice President of RenaissanceRe Holdings, and President of Renaissance Underwriting Managers, will now report directly to James N. Stanard, Chairman and Chief Executive Officer of RenaissanceRe Holdings Ltd.

Mr. Nichols is responsible for managing the Company's joint venture relationships and structured reinsurance activities.