outlets, magazine focuses on the Bermuda's insurance market.

The issue highlights the changing nature of the insurance industry in a time of tough revenues, and intense competition. A major restructuring of the industry is at its peak, and Bermuda is in the forefront of the innovation in the marketplace.

Bottom Line's feature cover story takes a look at the diverging strategies the chief executives of ACE Ltd. and XL Capital Ltd. have taken in the market place. Over the past two years the companies have become global powerhouses in the insurance industry.

In another article Roger Crombie takes a hard look at the soft market as the global insurance industry regroups.

A separate article focuses on plans by Gemini Re, led by former finance minister Grant Gibbons and former Centre Solutions chief executive officer David Brown. Bottom Line will also be distributed at the annual Risk and Insurance Management Society, Inc. (RIMS) being held in Dallas next week.