executives will set the tone during the next Bermuda Insurance Symposium in February.

Chairman of the sprawling American International Group (AIG), Maurice Greenberg, will deliver the keynote address for the four day event.

The 70-year old Mr. Greenberg, who is here on business several times a year, will be joined at the conference by some of Bermuda's brightest insurance minds.

The third BIS event will include a list of executives that reads like a who's who of the Bermuda industry.

They will be providing valuable input during discussions that include Solutions for Global Risks, moderated by John Cox. The panel includes ACE chairman, president and CEO, Brian Duperreault, and Centre Re's Steven Gluckstern, who used to be based here, but now works out of New York.

Financial Products for Corporate Risks is a session that will feature Mr.

Gluckstern as moderator, Graham Pewter from Commercial Risk, and Mike Cascio from Stockton Re.

Assessing the Strength of Insurers is a session that includes comments from industry analysts like Alan Levin.

One seminar involves a discussion of Captives, led by Johnson & Higgins (Bermuda) chairman, Brian Hall, who is also the chairman of government's Insurance Advisory Committee. He is joined by others including Marsh & McClellan's Andrew Carr.

Henry Keeling from Mid Ocean Re is scheduled to lead discussions on property catastrophe issues.

How to survive a Corporate Disaster will be a discussion on D&O by EXEL Ltd.

president and CEO, Brian O'Hara, together with ACE's Duperreault.

A Bermuda Market Update includes comments from Registrar of Companies Kymn Astwood, J&H's Roger Gillett, RenaissanceRe's Neill Currie and Chubb's John Stites.

One of the best minds on the concept of securitization of risk, Richard Sandor, at Centre Re, is also expected to speak and later lead a panel discussion.

Mr. Greenberg knows many Bermuda market executives quite well. AIG was one of the first international insurers here in the 1950's. It has established a number of subsidiaries here and has also taken equity stakes in other local operations.

This year, Mr. Greenberg spent two million dollars through AIG's Bermuda-based cat company, IPC RE, in a fight over the acquisition of another Bermuda cat Tempest Re.

Bermuda excess liability insurer, ACE Ltd., was set to acquire Tempest last Spring. Mr. Duperreault was a long time AIG man under Mr. Greenberg. A Greenberg son, Jeff, left AIG and joined Mr. Duperreault at ACE last November.

Set to make a significant profit for the five percent equity AIG had in Tempest, Mr. Greenberg wanted ACE to raise its offer. And even though the Tempest board had already agreed to the ACE offer, Mr. Greenberg used IPC Re to start what could have become a bidding war.

In the end, IPC Re backed down, after a much improved offer for Tempest by ACE. The $2 million cost to IPC Re, meant their second quarter profit dipped slightly to $23.2 million.

Both sides got what they wanted. ACE acquired Tempest Re, admittedly at a dearer price, while AIG got significantly more out of the sale of their five percent stake in Tempest.

But industry analysts conceded that it was just another case of a shrewd Mr.

Greenberg using the huge influence of a powerful AIG to improve the return on investment.

Mr. Greenberg, whose salary neared $4.2 million last year, also had an investment portfolio that contained more than a billion dollars worth of stock.

The conference is also set to feature the annual golf tournament and PGA Tour professional golfer Craig Stadler, during a golf demonstration and clinic. A wine tasting is also planned.

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