CSL Global Announces the Opening of their Canadian Operation — CSL Global (Canada) Ltd.

CSL is a leading provider of professional claims, risk control and recovery services to the marine insurance industry and to clients operating in and around the global cargo, shipping, transportation and supply chain sectors.

CSL Global is pleased to announce the opening of a new business operation in Canada. CSL Global (Canada) Ltd will operate initially from key offices in Toronto and Vancouver and with effect from January 1st, 2012 will be headed by Captain John Hosty. John is an experienced marine surveyor and business manager with over 25 years of specialist experience in marine, health and safety, hazardous materials management, emergency response and environmental protection.

Other key members of the team include Andrew Rayner, Philip Vardon and Ken Rayner based in Toronto and Kaivan Chinoy in Vancouver, each bringing significant hands-on surveying and/or insurance industry experience to the business. Mini biographies are attached for reference.

CSL Global (Canada) Ltd provides a comprehensive range of specialist marine survey and claims handling services including Cargo, Transit, Hull & Machinery and P&I.

In an opening statement about the launch of CSL Global (Canada) Ltd, Captain John Hosty, Vice President Operations, said “I am pleased to be able to announce the commencement of CSL’s Canadian business venture. Our objective is to provide both local and international clients with a high quality service and the very best of technical expertise. We commence operations with a strong technical and commercial team and, working as an integral part of the CSL global network, I believe we are able to deliver a uniquely specialist global product”.

The contact details for our Canadian Head Office are as follows:

CSL Global (Canada) Ltd

55 Adelaide Street East, Suite 210

Toronto, ON Canada

M5C 1K6

Tel: +1 416 365 1884

Capt John Hosty

Tel: +1 905 320 3861

Email: j.hosty@cslglobal.com

Mr Andrew Rayner

Tel: +1 647 924 4848

Email: a.rayner@cslglobal.com

John Hosty:

Captain John Hosty, VP, Operations is the principal founder and business leader for the CSL Canada venture. John is an experienced marine surveyor and business manager with over 25 years of hands-on experience in the marine industry. He is a qualified Master Mariner and sailed for 11 years in all ranks up to Captain on a wide variety of merchant vessels including LPG, LNG, chemical tankers and VLCC’s. His has significant technical expertise in the hazardous materials sector and has worked widely in this field including spill control management, emergency response and marine incident management. John’s business experience includes the founding and development of one of the largest marine and hazardous materials response companies in Canada.

Andrew Rayner:

Andrew Rayner is VP, Business Development for CSL Global (Canada) Ltd. He has worked in the insurance industry since 1996 in a variety of roles including insurance broking and marketing for a specialist adjusting company operating in the marine cargo and environmental services market. Andrew is responsible for both local and international sales & development activities and comes to CSL with a significant pre-exisiting marine insurance market client network.

Philip Vardon:

Captain Philip Vardon, VP, Technical, is qualified Master Mariner (Canada) and a chartered insurance professional. Philip has 15 years sailing experience on various vessel types including tankers, bulk carriers, general cargo ships and multi-purpose vessels. He has been a marine surveyor and marine survey manager for over 10 years and has significant experience in a wide range of marine survey assignments (claims and loss prevention) including cargo, wet marine, marina & terminal liability, pleasure craft and small commercial vessels. In this period, Philip also has worked as a marine instructor guiding merchant navy cadets in the use of ECDIS, simulated electronic navigation and communications.

Ken Rayner:

Ken Rayner is the Chairman of CSL Global (Canada) Ltd and brings many years of valuable experience as a senior executive in the insurance industry. He has previously held positions such as President of Crum & Forster of Canada and Omega General Insurance companies. He also worked in the role of President of CULE Insurance and is currently Vice President of Marketing for the Totten Group part of HUB International. Ken started his career in Vancouver, followed by a significant tenure in Atlantic Canada and 25 years in Toronto. He brings a broad range of marketing and management skills to the CSL Canada team and networks closely with his many contacts in the Canadian insurance industry.

Kaivan Chinoy:

Kaivan Chinoy, Office Manager, based in Vancouver, is a qualified Mercantile Marine Officer (Chief Officer) with extensive shipboard and marine operations involving navigation and transportation of crude oil, loading/unloading of bulk & break bulk cargoes, containerization and marine surveying like loss control surveys, heavy equipment & project cargo risk management, grounding & refloating attendance. In 2007, he graduated with an MSc in Technical Management of Ship Operations from Glasgow & Strathclyde Universities and prior to joining CSL Global (Canada) Ltd, worked as an independent marine & cargo surveyor conducting loss investigation surveys on a wide range of damaged cargoes, container damage surveys and cargo securing surveys, on behalf of carriers, cargo interests, insurance and marine claims & adjusting companies.