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BII honors execs with reinsurance awards


HAMILTON, Bermuda—The Bermuda Insurance Institute will honor Henry Keeling with its 2006 (Re)insurance Person of the Year award, while Brian Duperreault will receive the 2006 Lifetime Achievement Award.

Henry Keeling is executive vp and chief operating officer of Hamilton, Bermuda-based XL Capital Ltd., where he has served in various roles since the merger of Mid Ocean Reinsurance Co. with XL in 1998. Before that, he served as president, COO and chief underwriting officer at Mid Ocean, and for a number of years was a Lloyd's of London underwriter, among other things.

Mr. Keeling was selected as "Person of the Year" largely for his "staunch advocacy of the Bermuda market and his contributions to the advancement of the insurance industry," the BII said in a statement.

The recipient of the 2006 Lifetime Achievement Award, Brian Duperreault, is the former chairman and chief executive officer of ACE Ltd. After more than 20 years as an actuary at American International Group Inc., Mr. Duperreault joined Hamilton, Bermuda-based ACE in 1994 as chairman, president and CEO, and last year retired from the company.

On his watch, ACE significantly expanded its lines of business and geographic reach, with a number of acquisitions, including the 1999 purchase of CIGNA Corp.'s property/casualty business.

Mr. Duperreault was the BII's first award recipient, in 1998, when he was named "Market Leader of the Year."

Additionally, the institute this year is awarding its Young (Re)insurance Person of the Year to two individuals: Theresa Dunlop, senior underwriter and OIL Insurance team manager at Oil Insurance Ltd., and Laurie Orchard, assistant vp of operations at XL Re Ltd.

The awards will be presented May 12.