was used, forgetting that he has been knighted, using a picture of him that appears to be at least 15 years old and calling one of Bermuda's most prominent businessmen, Sir David Gibbons, by his father's Christian name, the 1993 survey on Bermuda in yesterday's Financial Times is expected to provide invaluable publicity to the Island.

No doubt Sir John Swan (not Swann) will forgive the FT in return for getting Bermuda's message across to its readers, who are mostly high-powered businessmen and politicians.

The newspaper, which is printed in London, Paris, Frankfurt, New York and Tokyo, has a circulation of some 170,000 in the UK and sells another 110,000 overseas.

Remarkably, the lead story of this year's survey waits until the 22nd paragraph before giving the first mention to the flurry of new insurance and reinsurance activity.

It makes up for this further inside the supplement with an in-depth look at the more than $4 billion worth of new capacity that Bermuda has attracted, although the FT's spelling strays again in a chart depicting Bermuda's new catastrophy (sic) reinsurers.

The FT also revealed that another new property catastrophe reinsurer Insurance Partners is about to be established on the Island, capitalised at $400 million.

Other areas covered by the survey include the revamped Bermuda Stock Exchange, the developing local investment industry, offshore trusts, tourism and the environment for living and working here.

It mentions the problems associated with living in such a small community, and quotes Bermuda Monetary Authority's general manager Mr. Malcolm Williams as saying: "You can hardly go to the toilet without someone knowing it; and most know how long you spent there too.''