appointments to its growing team of professionals.

Richard Calderon has been appointed business development & leasing manager and Lisa Jacobs has been named leasing & tenant relations co-ordinator.

Mr. Calderon, formerly the sales and marketing director for the Elbow Beach Hotel brings to the BLDC more than 10 years experience in sales and marketing in Bermuda and the United States, and strong financial and strategic planning skills. He will be responsible for the BLDC's leasing and marketing activities at Southside. Miss Jacobs brings to the BLDC more than 10 years experience in property management in the United States. As leasing & tenant relations coordinator Miss Jacobs is responsible for identifying and responding to tenant needs, the promotion of available properties and assisting community groups with the use of the BLDC recreational facilities. "We are very pleased to have Mr. Calderon and Miss Jacobs join our team,'' Carl Musson , BLDC chief executive officer said.

"Together, they will provide the BLDC and Southside with critical skills that will help meet the needs of our tenants and build Southside as the premier and business location in Bermuda.'' *** CAREY ELECTED CRG PRESIDENT APP Carey elected CRG president John Carey , general manager of Bermuda Paint Company , was elected president of Coatings Research Group Inc., by the board, at their fall meeting in Dallas, Texas. Coatings Research is an international organisation of architectural and light maintenance coatings manufacturers, which operates a lab in Cleveland for the benefit of its independent member companies.

He is said to be the first overseas board member to be elected president of the group.

*** BONNEAU TO LEAD US EXPANSION BUC Bonneau to lead US expansion ACE ltd. subsidiary Tempest Re has appointed Jacques Q. Bonneau to establish its US reinsurance operations. He will lead Tempest Re's multiline expansion into the US reinsurance market. Initially, Mr. Bonneau will be responsible for developing a detailed business plan, recruiting a core team of reinsurance professionals and determining the optimal structure and focus of the US-based operation.

Mr. Bonneau has 21 years' experience in the insurance and reinsurance industry, most recently with Chartwell Re Corporation where he held the position of Senior Executive Vice President and Chief Underwriting Officer.

Prior to working at Chartwell, Mr. Bonneau was Senior Vice President of Trenwick America Group. "His appointment is clear evidence of ACE's continuing commitment to its development as a leading global insurer and reinsurer'', John Engestrom, Chief Executive Officer of Tempest Re, said: "We are extremely pleased to have been able to attract someone of Jacques's caliber and experience to lead our expansion into the US market.

Our development as a multiline provider of reinsurance is a strategic complement to our strong Bermuda-based franchise in the property catastrophe market place''.

*** OPL HANDS OUT SCHOLARSHIPS AWD OPL hands out scholarships "I FEEL like Santa Claus,'' joked vice president and chief financial officer of Overseas Partners Ltd. Mark Bridges.

Christmas indeed came early at OPL when Mr. Bridges, on behalf of the company's Headmasters' Programme, handed out scholarship awards to 16 Bermudian high school students.

"A big part of our company's success comes from our Bermuda domicile,'' Mr.

Bridges told the students. "We would like now to give some of that success and profit back to the Bermudian community.'' Student groups from the Bermuda High School for Girls, Mount Saint Agnes, Saltus Grammar School and Warwick Academy convened in an OPL boardroom to collect their half-tuition scholarships, which are based on academic achievement and financial need.

OPL gives out $300,000 annually for its Charitable Giving Programme, and between $65,000 and $75,000 of this budget goes to boost education for its Headmasters' Programme.

"We believe every corporate citizen has an obligation to get involved,'' chief executive officer Scott Davis said.

OPL started humbly in Bermuda with about $50 million in assets, but the company is now ranked tenth in the world for reinsurance.

*** BEC NAMES 2000 OFFICERS APP BEC names 2000 officers At the 39th AGM of the Bermuda Employers Council on Wednesday, the Board of Governors announced the appointments of the following officers for 2000: Gerald Simons as BEC president, Paget Wharton as vice president and Richard Correia as secretary-treasurer.

*** CHAMBER FORMS NEW E-DIVISION BUC Chamber forms new e-division The Chamber of Commerce yesterday announced the formation of a new e-business development division to "proactively'' address the needs of existing and future e-commerce ventures in Bermuda.

The new E-Business Development Division will be chaired by lawyer Mark Diel .

Mr. Diel commented: "As has been said so many times e-commerce is going to pervade all our lives and is going to affect every person and every business in Bermuda whether they be retailers/hotels/insurance or professional support services.'' He added he was "somewhat awed at the talent the e-commerce committee boasts''.

The new division will be open to all Chamber members involved in support services associated with e-commerce or trading in e-business development.

The Chamber said it is anticipated the division will be of interest to an increasing proportion of the local business community for the following reasons: 1. Sooner or later every existing business will be engaged in or be affected by this new mode of communication. 2. All members of the Chamber will be given the chance to obtain secondary listing in this new division for a nominal fee and companies electing to become primary members of this new division will have a forum to pro-actively initiate measures to enhance the development of e-business in Bermuda.

*** If you would like to make a submission to Company Moves please fax to the attention of Marina Esplin-Jones at 292-2498, telephone 295-5881 or e-mail editor ygazette.newsmedia.bm.

Richard Calderon Lisa Jacobs BUSINESS BUC