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BF&M Announces Executive Changes

16 October 2000

Hamilton, Bermuda: 16 October, 2000 - The Bermuda Stock Exchange (BSX) has been advised by the BF&M Insurance Group that Executive Vice President, Operations Judy Panchaud White, will be stepping down from her position in March 2001.

The Company noted that other members of BF&M's Excutive team would absorb Ms Panchaud White's responsibilities.