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BUSINESS CALENDAR

July 10-13: National Council of Insurance Legislators summer meeting, Williamsburg, US.July 13-16: International Insurance Society (IIS) 39th Annual Seminar, New York, US. www.iisonline.org.July 14-15: Underwriting Terrorism Insurance Risk. IBC USA. Wyndham City Centre Hotel, Washington DC, US. www.ibcusa.com, (+1) 508-616-5550.July 14-15: Captive Insurance Solutions for the Middle Market, Las Vegas Monte Carlo Resort and Casino, US. www.irmi.com/seminars or call 800-827-4242.

July 10-13: National Council of Insurance Legislators summer meeting, Williamsburg, US.

July 13-16: International Insurance Society (IIS) 39th Annual Seminar, New York, US. www.iisonline.org.

July 14-15: Underwriting Terrorism Insurance Risk. IBC USA. Wyndham City Centre Hotel, Washington DC, US. www.ibcusa.com, (+1) 508-616-5550.

July 14-15: Captive Insurance Solutions for the Middle Market, Las Vegas Monte Carlo Resort and Casino, US. www.irmi.com/seminars or call 800-827-4242.

July 21: Everest Re Group, Ltd. will release its second quarter earnings on July 21 after the close of trading.

July 22: Everest Re Group Ltd. will hold a conference call discussing the Q2 results which will be held at 9:30 a.m. Bermuda time. The call will be available on the Internet at the company's website, www.everestre.com or at www.streetevents.com.

July 23: Captives 101, Bermuda Insurance Institute Special. Presented by Libby Durrant, vice president BF&M Management Ltd. Noon to 2pm, BII office, Cedarpark Centre. 441-295-1596.

July 24: Earnings for Fairmont Hotels & Resorts Inc. followed by a conference call at 2:30 p.m. Bermuda time. Investors are invited to access the call by dialling 416-695-5806 or 1-800-273-9672. You will be required to identify yourself and the organisation on whose behalf you are participating. A recording of this call will be made available beginning at 3:30 p.m. on July 24, 2003 through to 3:30 p.m. on July 31, 2003. To access the recording please dial 416-695-5800 or 1-800-408-3053 and use the reservation number 1442419. A live audio webcast of this conference call will be available via FHR's investor website (www.fairmont.com/investor). An archived recording of the webcast will remain available on the website until the next quarterly earnings conference call.

July 28-29: The Centre for Business Intelligence presents 'Alternative Risk Financing for Medical Liability Coverage'. Chicago, Illinois, US. (800)-817-8601.

August 4: Max Re Capital Ltd. conference call on second quarter financial results with interested investors and shareholders. 11 a.m. Bermuda time, dial in US 800-915-4836, International 973-317-5319. Replay details: Available from noon August 4 - 11:59 a.m. September 4. Dial in number: US: 800-428-6051, International: 973-709-2089. Access Code: 295417

August 4: PartnerRe Ltd. will release its 2003 second quarter results after market close.

August 5: PartnerRe senior management will conduct a conference call and simultaneous webcast, which will include a question and answer period, at 11 a.m. Bermuda time. Participants are invited to listen to the webcast on the Investor Information section of PartnerRe's website, www.partnerre.com, and should log on at least five minutes prior to the start.

August 6: Confernce call for Q2 Scottish Annuity & Life Holdings, Ltd. at noon Bermuda time, webcast:www.scottishannuity.com/conferencecall. or call 703-871-3022 or 800-982-3472. A replay will be available from 3 p.m. to August 20. The dial-in number for the replay is 703-925-2533 or 888-266-2081 and the access code is 199409.

August 5-7: Vermont Captive Insurance Association (VCIA) Conference, Vermont, US, www.vicia.com

August 20-21: Captive Insurance Solutions for the Middle Market. Sheraton World Resort Orlando, Florida, US. www.irmi.com/seminars or call 800 827 4242.

September 9-10: Financial Stability Forum Annual Meeting, Paris, France,

September 10-14: World Trade Organisation Fifth Ministerial Round, Cacun, Mexico. Half term review of Doha round.

October 1-3: International Association of Insurance Supervisors, 10th Annual Conference, Sinagapore.

October 8-10: 17th International Reinsurance Congress, 'Survival of the fittest'. Hawksmere event. Fairmont Hamilton Princess. Contact www.hawksmere.com/bermuda/ or 44 (0) 20 7881 1858.

October 15: IPC Anti-Money Laundering Workshop. L'Horizon Hotel, Jersey. 011 44 (0) 207 8906 or go to www.ipc-conferences.co.uk.

October 16: IPC Anti-Money Laundering Workshop. St. Pierre Park Hotel, Guernsey. Tel 011 44 (0) 207 8906 or go to www.ipc-conferences.co.uk.

October 20-22: Annual 'Business Insurance' Workers' Compensation Conference. This event addresses the concerns of corporate executives managing workers compensation, disability programmes and rehabilitation services. Sessions cover the rapidly changing environment and creative and innovative strategies for curbing costs. Boston, US., 212-210-0137 email: pghazvinicrain.com

November 3-4: Second Due Diligence & Asset Recovery Symposium, Biltmore Hotel, Miami, US. www.kycnews.com/03agenda.htm Or call KYC News on 305-372-6267

November 17-19: Thirteenth World Captive Forum. Co-sponsored by 'Business Insurance', Tillinghast-Towers Perrin and Quest Insurance Solutions, this event addresses the use of captive insurance companies and other alternative risk financing programs. Registry Resort, Naples, Florida, 952-928-4659 email: lferrierharringtoncompany.com

February 17-20, 2004: World Insurance Forum. Bermuda Insurance Symposium. Fairmont Southampton, Bermuda. 441 292 6386 or email: worldinsuranceforumbis.bm.