recently that a supplement to The Bermuda Business Directory 1993-1994, which was released only a few months ago, is already in the offing.

The Bermuda Business Directory Update on insurance and reinsurance is currently being compiled containing all the latest information on new and existing companies.

The publication is scheduled to come out in the new year for a price of "under $10'', said its publisher and editor-in-chief Mr. Kevin Stevenson.

"The amount of activity that has gone on in Bermuda's insurance and reinsurance industry over the last few months has been astonishing,'' he said.

"It has been so frenetic that many people have found it difficult to keep track of who is behind them and who is running them.

"There's obviously a need for a new handbook to reflect what's happened on the Island.''