BANKOFBUTTERFIELD

Bank of Butterfield has announced the promotion of Michael O'Mahoney to senior vice president, treasury.

Reporting to Richard Ferrett, executive vice president and chief financial officer, Mr. O'Mahoney oversees the bank's treasury dealing activities, such as foreign exchange, trading on financial markets worldwide and management of the bank's market risk and liquidity.

Before joining Bank of Butterfield in November 2001, Mr. O'Mahoney gained extensive experience in international treasury in a number of senior management roles within the international financial community.

"This promotion recognises Mr. O'Mahoney's significant expertise and the strategic importance of his position to the organisation. His leadership and experience have played a significant part in the success of our treasury business," said Mr. Ferrett.

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AON

As the insurance broking world is undergoing change, Aon Risk Consulting, a division of Chicago-based Aon, is focusing on bringing risk management advisory services to the boardroom of the UK's large corporates and taking on new blood to drive the business.

The company has made a double appointment with Steve Barnett and Hans-Kristian Bryn as chairman and deputy chairman. "The traditional insurance broking world is rapidly changing from one driven by insurance transactional activity to that of an advisory-led business", says Max Taylor, Aon deputy chairman.

The appointments come "as the challenge of risk climbs the boardroom agenda" and "the answers required to meet the challenge are becoming ever more complex", he adds.

Mr. Barnett joins from Deloitte Consulting, where he was a partner in financial services, and he was previously a partner at PwC. His new deputy also comes from PwC, where he was a partner in the financial risk management practice.

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IPC HOLDINGS

IPC Holdings, Ltd. has announced that James P. Bryce, president and chief executive officer, and John R. Weale, senior vice president and chief financial officer, are scheduled to speak at the 13th annual Wachovia Securities Nantucket Equity Conference at the Harbor House Village in Nantucket on June 24, 2003 from 8 a.m. to 8.30 a.m. (EDT).

A live webcast of the presentation may be accessed from our website at www.ipcre.bm or by logging on to http://www.twst.com/econf/mm/fu13/ipcr.html. A replay will also be available for approximately 30 days following the presentation. IPC Holdings, Ltd., through its wholly-owned subsidiary IPCRe Ltd, provides property catastrophe reinsurance and, to a limited extent, aviation, property-per-risk excess and other short-tail reinsurance on a worldwide basis.

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TYCOFIRE &SECURITY

Tyco Fire & Security a business segment of Tyco International Ltd., announced that Ron Krisanda, 41, has been named president of its Tyco Safety Products Group.

He will report directly to David Robinson, president of Tyco Fire & Security. Tyco Safety Products designs, manufactures and distributes systems for residential and commercial electronic security; fire detection and suppression and life safety, including more than 60 brands marketed across the globe.

These brands include Sensormatic anti-theft systems, DSC security products, American Dynamics video surveillance systems, Software House and other well- known access control solutions, SimplexGrinnell fire detection products, Ansul fire suppression systems and Scott breathing apparatus for firefighting, military and civilian personnel.

The group employs more than 9,000 people, including nearly 1,000 research and development engineers. It has 50 manufacturing locations in the Americas, Asia, Europe and Australia.

Dave Robinson said: "I have worked closely with Ron for a number of years and have great confidence in his ability to run and build the Tyco Safety Products Group.

"Ron has strong operational capabilities stemming from his experience in a number of different industries.

"In particular, he brings a great deal of experience in manufacturing, engineering, supply chain integration and purchasing on an international level.

"Ron is a proven leader, and I am pleased that he is taking on more responsibility on our Tyco Fire & Security management team."

Compiled by Mairi Mallon