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Company Moves, November 16, 2005

Appleby Spurling Hunter has apppointed as the new Managing Partner of the Bermuda office.Mr. Morris has served as Head of the Corporate and Commercial Department for the past several years and will now take over management responsibilities of the Bermuda office.

Appleby Spurling Hunter has apppointed as the new Managing Partner of the Bermuda office.

Mr. Morris has served as Head of the Corporate and Commercial Department for the past several years and will now take over management responsibilities of the Bermuda office.

Peter Bubenzer now focus solely on his increasing global responsibilities.

He joined the group as an Associate in 1988 and has been a Partner since 1995. He was admitted to the Bar of England and Wales in November 1987, and was called to the Bermuda Bar in April 1988.

He graduated from the London School of Economics and Political Science in 1986 (L.L.B.) and graduated from Dalhousie University in Halifax, Canada, in 1983 (MA, Economics) and in 1981 (BA, Economics). He is also a Director of the Bermuda Monetary Authority.

Peter Bubenzer, Global Managing Partner of Appleby Spurling Hunter said: ?We are excited to announce the appointment of Shaun as the new Managing Partner of the Bermuda office.?

?As I increase my responsibilities from a global perspective, Shaun will provide the strong leadership, new energy and vitality required to maintain the continued success of the Bermuda office. Shaun is well respected and has achieved great success over the past 17 years. We congratulate Shaun and I look forward to working with him in his new capacity.?

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has achieved Networking Infrastructure Solutions Competency from Microsoft.

This designation was achieved through technical excellence, highly qualified and certified staff.

The Networking Infrastructure Solutions Competency is for technology partners who have proven their proficiency in implementing solutions based on Windows 2000 Server or Windows Server 2003 operating systems and Small Business Server 2000 and Small Business Server 2003 programs.

These implementations may include crafting solutions that connect Windows-based servers, PC locations, and the Internet, installing a server farm, or building a Windows Small Business Server stand-alone solution that includes file/print capabilities.

Sbi was the first Microsoft Gold Partner in Microsoft?s West Indies, Central and South America Regions, and the third Gold Partner for Enterprise Systems in the World. Sbi currently has nine Microsoft Certified Systems Engineers (MCSEs) on staff and is also specialised in Microsoft?s Advanced Infrastructure designation.

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has been appointed Principal and head of Integro Limited?s Risk Modeling and Actuarial Practice.

Mr. Fidlow is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA) and holds a BSEE (bachelor in science in electrical engineering) from the New Jersey Institute of Technology.

Mr. Fidlow brings to the company more than 15 years of experience in casualty actuarial pricing, most recently as VP and Senior Actuary for AXIS Capital.

Prior to joining AXIS in February 2003, he held actuarial positions with Kemper Insurance Co., Odyssey Reinsurance, Reliance National and Insurance Services Office.

Integro, through its subsidiaries, is an insurance brokerage and risk management firm dedicated and designed to serve the complex insurance and risk management needs of large or complex institutional risks. has joined Integro (Bermuda) Limited and will serve as Principal, Head of Management Risk Practice, for the Bermuda office.

Mr. Leite has more than 14 years of extensive experience in the Bermuda market and was formerly Senior Vice President of Marsh Global Markets (Bermuda) Limited.

He was responsible for the complete procurement, marketing and servicing of Directors And Officers, Employment Practices, Errors And Omissions and Fiduciary Liability insurance programs for a large portfolio of Fortune 1000 clients across all industry sectors.

Mr. Leite holds a Bachelor of Arts degree from Acadia University in Canada.